Annual Forecast for eBay (2022)

PUBLISHED: Feb 28 2022 @ 03:14 | Comments (0) | More info about Azeez Mustapha

EBay Inc. shares (NASDAQ:EBAY) are currently in a downtrend and this is expected to continue in spite of attempted rallies along the way. There is a recent bullish candle in the market, which should give an opportunity to go short at cheaper rates.

DMI 14 is around the level 40, which supports huge volatility in the markets. Then the –DM is below the +DM, which clearly shows that bears are currently in power. The MACD, default parameters, has its signal lines and histogram below the zero line.
TradingView Chart

There is a Bearish Confirmation Pattern in the daily chart for EBAY, and the bias for the market is bearish for most of this year.

This means price could reach the demand levels at 50.00, 40.00 and 30.00 before the end of the year 2022.

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