Ebay Wave Analysis 30 April 2024

– Ebay under the bearish pressure

– Likely to fall to support level 51.00

Ebay under the bearish pressure after the price reversed down from the strong resistance level 52.50, (which has been reversing the price from March) – strengthened by the upper daily Bollinger Band.

The downward reversal from the resistance level 52.50 is likely to form the daily Japanese candlesticks reversal pattern Evening Star – strong sell signal for Ebay.

Given the strength of the resistance level 52.50 and the overbought daily Stochastic indicator, Ebay can be expected to fall further to the next support level 51.00.