Today’s instrument is the eBay Inc. stock traded on the Nasdaq exchange under the ticker EBAY.

When we look at the EBAY’s chart, we can see that it has been in a downward trend, which seems to reach its bottom at the price of around $41 whereas currently it is traded at around $48.50.

Today, if it will manage to keep its price above its support level at around $46.80-47, then we could see it rising towards its resistance level at around $50-51.

Chart

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