After setting the historical maximum of 81.13 at the end of October, eBay stocks started to decline. A descending channel has formed on the chart and for already the 5th month, the price has been moving within this range.
The last daily candlestick indicates an attempt of buyers to use the lower Bollinger band as a support level. A movement to the middle Bollinger band may follow, it now coincides with the upper band of the channel.
When the upper band reaches the channel, a new attack of sellers is possible. As long as the falling trend is not broken, trading with a sale priority looks more preferable.
This content is for informational purposes only and is not intended to be investing advice.
