Get started

Onlineshopping

eBay at key channel support Technical Analysis Since the start of the year, eBay has trended up in a clear channel, where the support line is the 100sma. Since the test of the upper trend-line of the channel, eBay has retraced 10% and is sitting on the 100sma. Stochastic RSI has been helpful to signal retracement from one side of the channel to the other. When the SRSI is oversold (under 20) and the %K (blue) goes over %D (orange), it has been a great entry. On the other hand, when the SRSI is overbought and the %D crosses above the %K, it has been a place to take profits. The SRSI cross signal has not happened. Trade Setup Risk-reward-ratio is fantastic, with a stop under the 100sma (Average True Range is 2.12 pts.) and a profit-exit at the top of the channel.
NASDAQ:EBAYLong
by dorfmanmaster
Amazon technical target --> $5000Amazon has been consolidating for almost 10 months. Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range. It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again. Making a measured move from the last time it did this, we get a potential target around $5000 in a 4-5 months time-frame. To avoid a failed breakout, I would keep on eye on the MACD trend, which has turned positive, but should continue to rise to confirm the move up.
NASDAQ:AMZNLong
by dorfmanmaster
2