Technical analysis

EBAY Wave Analysis 2 July 2024

-EBAY reversed from support level 52.00

-Likely to rise to resistance level 54.60

EBAY recently reversed up from the pivotal support level 52.00 (which reversed the price twice from the end of May) – standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the sharp upward impulse from May.

The upward reversal from the support level 52.00 stopped the earlier short-term correction ii.

Given the persistent uptrend that can be seen on the daily and the weekly charts, EBAY can be expected to rise further toward the next resistance level 54.60, which stopped the previous waves 1 and i

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