- Ebay reversed from support zone
- Likely to rise to resistance level 95.00
Ebay recently reversed up from the support zone between the key support level 88.50 (which stopped the previous wave (A) at the start of September).
The support level 88.50 was further strengthened by the lower daily Bollinger Band, 50% Fibonacci correction of the upward impulse wave (5) from June and the support trendline from April.
Given the clear daily uptrend, Ebay can be expected to rise to the next resistance level 95.00 (which stopped the previous correction (B)).
- Likely to rise to resistance level 95.00
Ebay recently reversed up from the support zone between the key support level 88.50 (which stopped the previous wave (A) at the start of September).
The support level 88.50 was further strengthened by the lower daily Bollinger Band, 50% Fibonacci correction of the upward impulse wave (5) from June and the support trendline from April.
Given the clear daily uptrend, Ebay can be expected to rise to the next resistance level 95.00 (which stopped the previous correction (B)).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.