Nov. 13 at 1:20 AM
$EBAY: The last close at
$87.6 indicates a bearish trend as it is below both the 30-day moving average (MA30) of
$90.07 and the 50-day moving average (MA50) of
$90.58. The RSI at 38.08 suggests that the stock is nearing oversold territory, which could indicate a potential reversal, but currently reflects a bearish sentiment. The recent high of
$101.12 and low of
$79.11 creates a range that shows significant volatility, with the price currently closer to the low.
Directional bias is bearish due to the price being below key moving averages and the RSI indicating weakness.
Suggested entry:
$86.50 (slightly below the last close to confirm a breakdown).
Stop loss:
$84.50 (to limit downside risk).
Targets:
$90.00 (first target, near MA30) and
$93.00 (second target, near MA50).
Monitor for any signs of reversal or increased buying pressure.
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