EBAY Inc $EBAY has been in a bearish correction after failing to tag $47.00 a share in January. It has come down to $37 in May, and might continue to fall after a rally was rejected at $41. EBAY Daily Chart(click to enlarge)Bearish Correction:- As we can see, EBAY is in a bearish correction mode since almost hitting $47 a share. - It is still making lower highs - the previous high at $41 was lower than the one before, which was at $43. It is making lowe lows too, so the current low that $37 low in May might not hold.- The RSI shows some bearish bias since late March, as it has failed to reach 70 but has been tagging 30.Support/Resistance Pivot:- A return towards $34-$34.50 area would bring EBAY to a key support/resistance pivot.- EBAY has been in a secular bull market since 2009, separated by bull runs and sideways consolidations. - Therefore, we should anticipate buying if price does get to the $34-$34.50 area. - I would anticipate at least a rebound towards $40. A return above $41 might signal a bullish continuation.