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Ebay: ⬆️ Buy
– Ebay reversed from support zone
– Likely to rise to resistance level 85.00
Ebay recently reversed up from the support area between the round support level 90.00 (which has been reversing the price from October), lower daily Bollinger Band and the 50% Fibonacci correction of the daily uptrend from April.
The upward reversal from this support zone formed the daily Japanese candlesticks reversal pattern Bullish Engulfing – which stopped earlier wave 2.
Given the strength of the support level 90.00, Ebay can be expected to rise to the next resistance level 85.00.
Source: https://fxpro.news
