Stock market: eBay met resistance

Stock market: eBay met resistance

2019-11-11 • Updated

Trade idea

SELL 37.00; TP1 36.50; TP2 35.80; SL 37.20

The stock price of eBay Inc. formed a “Shooting star” pattern on W1. Notice that last week the stock tested 61.8% Fibo retracement of the 2018 decline (39.00). A correction to the downside is very likely now. The natural downside targets for the downside lie at 36.50 (50% Fibo) and 55.80 (100-week MA).

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