Technical analysis

Ebay Wave Analysis 26 April 2024

– Ebay reversed from support level 49.35

– Likely to rise to resistance level 52.55

Ebay recently reversed up exactly from the major support level 49.35, former multi-month support level from July of last year, as can be seen below.

The upward reversal from the support level 49.35 stopped the previous ABC correction 4 from the end of march.

Give the clear daily uptrend, Ebay can be expected to rise further to the next resistance level 52.55 (which stopped the previous waves iii, 3 and b).

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