If we look at the eBay (EBAY) daily chart, we can see it’s been trading in an uptrend for the past 6 months, having however a not-so-steady ride. Non the less, after the instances where it experienced selloffs it managed to bounce strongly and make up for what was lost. It reached its all-time high of $77.5 by the end of August, it retracted to $68 at the start of this month, but again it jumped right back in the $74 price range where it was last traded.

Image Source: Pixabay

eBay Inc. has scheduled a third-quarter earnings announcement on 27/10/2021. If the earning expectations are surpassed, we could expect the price to move upwards, towards the $77.5 all-time high price level.

Today we could expect a further consolidation at the current level and possibly move towards the $76 range.

If however, it fails to hold above the current price range of $74 then a case can be made for moving towards the next support level at $72.8 and possibly below.

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