Ebay: ⬆️ Buy
– Ebay reversed from support zone
– Likely to rise to resistance level 111.10
Ebay recently reversed from the support zone between the support level 105.00 (which stopped earlier waves (A) and (4)), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the clear daily uptrend, Ebay can be expected to rise further to the next resistance level 111.10 (top of the previous wave (B)).