eBay shares on Friday updated their lows from spring 2020. However, the daily drawdown was bought out, and a “hammer” was formed on the chart. The harm is a signal of a trend reversal.
The signal was confirmed yesterday. Although the S&P 500 and Nasdaq stock indices continued to decline, eBay shares grew slightly.
The probability of continuing growth increases the RSI indicator reversal up from the oversold area. The rebound target is 41.
This content is for informational purposes only and is not intended to be investing advice.
