09.12.2014 - Ebay can begin to decline within the channel

Ebay's stock price reached a strong resistance in the form of the upper limit of the downward channel. Now the price is trying to overcome this level and in case of breaking through it could easily rise to 59.50. Despite this, we expect the fall of the stock in the short term to the bottom of the channel. We recommend to open short positions in case of breaking through the level of 54.00 with the objectives near 50.00 and 48.00 and stop above 56.00.

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