At the start of the week, I discussed my expectation that EBAY would extend the bullish breakout that happened in June. EBAY is Confirming a Bullish Continuation BreakoutDuring the 7/17 session, EBAY indeed extended higher after the market received news of a potential sale of its StubHub business.EBay moves forward with potential StubHub sale: SourcesHowever, this rally faded quickly back to its previously broken resistance. It closed right on this key pivot around $39.Then, in after-hour trading, price rallied on the back of its Q2 earnings report. Here's a summary of the report from CNBC:EBay stock rises after earnings beatThe company reported second-quarter net income of $402 million, or 46 cents a share, compared with $642 million, or 64 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and tax effects, among other things, earnings were 68 cents a share. Revenue rose to $2.69 billion from $2.64 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 62 cents a share on revenue of $2.68 billion. For the third quarter, analysts model adjusted earnings of 63 cents a share on sales of $2.68 billion. EBay said it expects third-quarter adjusted earnings of 62 cents to 65 cents a share on sales of $2.61 billion to $2.66 billion. EBay stock has gained 39% this year, with the S&P 500 index SPX, -0.65% rising 20%.EBAY Daily Chart(click to enlarge)Bullish Continuation:- After testing the previous resistance again, price bounced off of it as support again.- The after-hour volatility was just as sharp as the 7/17 session, except the direction is bullish.- I would expect a push to at least $44 before price starts to consolidate again.- If price does indeed return to that 2018-high under $47, I think EBAY will push into record highs and push to $50.