Is eBay’s Long Slide Ending?

2022년 3월 21일

EBay, along with many other e-commerce names, has skidded lower since the middle of last quarter. But now it’s showing signs of a reversal.

The main pattern on today’s chart is the falling trendline running along the highs of November and January. Prices are now trying to push through it.

Second, notice how EBAY held $50 in February and again this month. Not only is this a “nice, round number.” It’s also near the end-of-year price for 2020, which was followed by a 60 percent rally last year.

MACD has also been working higher since late January, which is potentially bullish divergence.

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