$Ebay ULtimate Chart Ebay, looking like a nice long after an amazing impulsive move that we caught! will be following a nice wave 5 structure that seems to be having no end to it but it is reaching its limit pretty soon. i would wait for that wave 4 drop unless you want to short if u would like to do so, either way this one looks amazing still!
EBAY
Ebay and Amazon looking to break up/ $AMZN $EBAYEbay and Amazon look bullish for a potential big breakout. With countries and some US states issuing more covid restrictions these 2 companies should do well in 2021. Online shopping growing exponentially as more retail stores feel the pain of the Covid restrictions.
EBAYEbay's market capitalization lags far behind e-commerce players Etsy (ETSY), Wayfair (W) and CHEWY (CHWY), which are much smaller in size with less transaction volume than ebay. I think ebay is underrated.
Recently, eBay began to provide authentication services for watches and sneakers, and also entered the refurbished goods market, which in my opinion is an effective measure to protect and expand its market share in the online market, which should affect the company's revenues in the near future. Along with this, a flag figure and a strong support level were formed.
Ebay - from March to the present added + 91%, Etsy (ETSY) + 569%, Wayfair (W) + 1549%, CHEWY (CHWY) + 379%
Ebay has a stable income of over $ 2 billion from year to year. At the same time, Etsy hardly made a profit, Wayfair, CHREY bring losses.
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Based on Technicals, Ebay Target 48-46. Option PutRecently hearing news of hedging position of EBAY was something I didn't hesitate to close out last week after I noticed it started to putter out of its uptrend I had hoped for it to catch on from a 5% dip from 53 towards 48-47. I expect higher prices but nothing higher than 52.50 where I'll buy 2 week expiration puts for 48. I don't expect price to fall past there as of right now I just notice the past few trading sessions its been showing greater weakness. Looking to close the position shortly above 40%+
Dead in the water?We remain long from 48.90 but Ebay has been a slow burner. When the model signaled buy we though ebay would be one of the better performers but it seems to be heading in the wrong direction. Similar to AMZN it has done nothing for months now and unfortunately that trend continues. As long as it holds $45 we will remain long but not happy with the performance.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
#MELI - 1H - 13.11.2020 / Latin American Amazon. MELI BACKGOUNDS
MercadoLibre (MELI) is an online e-commerce and payments platform. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The company provides users a platform for buying, selling and paying. Born in 1999 and founded by Marcos Galperin, its the largest ecommerce company in Latin America.
- Exponential growth since 2016.
- Boosted by the rise of ecommerce this year due to COVID-19.
- Super Strong Fundamental indicators.
- Amazing revenue over 2019 - 2020 beating all estimates.
Even though MELI is a direct competitor of huge ecommerce companies like Amazon, eBay and Shopify, they operate on a total different market. Quiet similar to Jumia in Africa.
Latin America is a huge market full of opportunities where Amazon left spaces that MELI took advantage of. Now, MELI is standing strong and keeps investing heavily to maintain its dominance. Last week was authorized by Brazil Central Bank to operate as a financial institution.
Although MELI its an Argentinian company, now its focusing on BRAZIL (209 million people market) and MEXICO (120 million people market). It´s Payments platform MercadoPagos, is a Fintech Payment solution that it is getting adopted massively by Latin Americans. It aloud all kind of business B2C to charge without cash or just transfer money between people. It´s e-commerce platform, operates at a 12 transactions per seconds and 80% of the total sales are from Brazil, Argentina and Mexico.
Last quarter revenue jumped to $1.12 billion from $603 million, exceeding analysts' projection of $984.8 million. Unique active users surged 92.2% to 76.1 million, while gross merchandise volume jumped 62.1% to $5.9 billion.
With a 64.792B market capitalization, and huge growth potential, MELI is just on initial stages of its history. This is the kind of share that you might regret on a near future of not buying it earlier.
TECHNICAL ANALYSIS. (1H)
Nothing left to say but MELI is on an uptrend basically since February of 2016.
I particularly like to analyze it on a 1H timeframe to see how respectful this stock is of supports and resistances of this year. We´ve got three supports near current price level. Uptrend + MA200 + Fibonacci 0.618.
I think that we might see a little test on Fibonacci´s 0.618 and then next stop is all time highs. I would be careful and wait this confirmation before go long. Would be wonderful to close next week above Ichimoku´s red cloud.
Buy Signal: 48.96Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
BIGC looking like itll have another $30 rally soonLooking at the Day Chart you can see that its pretty clear that BIGC might retouch the $70 level
Once it does that i do think that well bounce off that AS LONG AS THE MACD TURNS DIRECTION
You can also see that the last time we had the Mom indicator at these levels it was the start of the bull reversal that took us straight to $108
The Accelerator Oscillator indicator is also showing signs of bullish movements which in turn is showing the bear trend weakening
A solid buy would be right now or waiting a couple day to see if BIGC goes down to the $70 level
If MACD switches sides we are looking at another rally to $108 as well as other tech following
So far i have noticed that BIGC is a leading indicator of other Tech
Earnings will also be a good indication of the direction
EBAY - Feb 2021 PT $58-60Lets face it. I like EBAY. You like EBAY.
Just about everyone likes EBAY.
That aside looks like this bounces before reaching S1 line for a run back up to $50-$55.
Stop loss @ just under $44 , doubt it reaches that low though..
Feb 2021 PT $58-$60
*template & indicators used*
* Swing trade template(Zig Zag, Pivots)
*Supertrend V1.0
*Vol
*MACD
Our Stock of the Day / EBAYToday we have a long setup to share. Before starting, its important to say that this is long-term setups; this requires patience and the idea of waiting without observing. Let's go with the full explanation of this.
a) We will start with the weekly chart. Pay attention to 2 items - The price has broken a long term ascending channel - Currently, we have a clear corrective structure on the edge of the broken channel
b) On the 4hs chart, we will make the last arrangements of the setup
c) We are using Fibonacci extensions to define our target because we don't have any technical structures to use + we are at all times high
d) Using Elliott Wave Analysis, we can count 1 and 2 (our corrective structure composed by an ABC pattern), and we are expecting 3 to come
e) The main target is the 1.618 level of Fibonacci as the expected level for the 3rd wave
f) We will execute this trade using 1% of our capital. Entry Stop and Take profit are the ones shown on the chart. We will protect our entry on the first fibo extension (move stop loss to break-even)
g) We will cancel the setup if the price goes below C
h) Remember: Trade safe, protector your capital, and always understand what you are doing!
EBAY INC. Potential Trade OpportunitiesUpside:
Fractal Trendline Resistance ( Red )
Long opportunity if the price breaks the FRTL up.
The ultimate target of the trade is the potential Bearish Black Swan pattern.
If it rejects, a potential test of the fractal Trendline Support ( Blue )
Short opportunity if the price breaks the FSTL down.
Good Luck!