Ebayinc
Ebay: Long term Buy Signal.Ebay is coming off a strong rebound last week on the 1D MA200. 1D is again gradually turning bullish (RSI = 50.474, ADX = 33.642, Highs/Lows = 0.3699, CCI = 102.4213) as it approaches the 1D MA50.
What is more interesting is that last time Ebay touched the 1D MA200 after a Golden Cross formation (took place last March) was in 2016/ 2017. The rebound was extended then to a new Higher High. Based on that we have turned bullish again on Ebay targeting 43.00.
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EBAYOur preference: bullish as long as 33.2 is support with goal 36.6.
Alternative Scenario: The 33.2 will be depressed, triggering a return to 32.2 and then 31.6.
Comment: The RSI is greater than 50. The MACD is positive and below its signal line. A correction could occur. Additionally, prices are below their moving average 20 (34.7285) but above their moving average 50 (34.0411).