Let's check out the charts and indicators of this e-commerce giant.
In the daily Japanese candlestick chart of EBAY, below, we can see an upside breakout from a saucer pattern going back to early July. The shares have retreated from the opening so the candle pattern is red at this point in time.
Trading volume is not "explosive" and the On-Balance-Volume (OBV) line is well below its July high suggesting that a pullback to the breakout point around $60-$59 is possible. The Moving Average Convergence Divergence (MACD) oscillator is bullish but has narrowed in recent days.