eBay Inc.

eBay: Set for Further Declines

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eBay has recently made another move higher, briefly reclaiming the $86.36 level. However, the stock has since resumed its downward trajectory as anticipated and is expected to continue selling off soon as part of magenta wave [iii]. Overall, this magenta downward impulse should push price closer to support at $55.96, completing turquoise wave 1.

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