EBAY trade ideas
Ebay is ready for a new bull runNASDAQ:EBAY is breaking out and heading higher, targets are shown on the chart. I think this stock is cheap and deserves a considerably higher price. Stop around 44$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
$EBAY | Daily Bull Flag Breakout [Earnings Today After Close!]Ebay broke out of a daily bull flag and looks ready for continuation higher.
Earnings report is today after market close so longs are risky.
Goodluck!
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EBAYEBAY 1-2 week horizon
Around a month ago, price action broke downward channel (blue) and creating a new bullish channel (green). We have support at 54.87 but MACD overall is bullish but lines are kissing pointing down and stochastics are not yet at oversold levels. There is a chance that 54.87 support will break and with this I am anticipating price to go down for the next few days with pivot area around 50ema (53.78 area).
The 50ema area also happens to be around the top boundary of the down channel it was previously trading which could act as a support. 68.1% Fibonacci level at around 53.91 area (around 50ema). This area of support seems to be a strong one since multiple indicators agreeing at the same area of support.
Stop at 51.86, a good 4:1 risk reward ration at target 2. The only wild card is ER on Feb 3
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Inverse Head and Shoulders Earnings 2-3 AMCNo rising wedges in the yearly chart..
Possible stop under right shoulder
RS 48.93 A closer place that may work is under 52.40 which makes the risk a bit lower
LS is 47.44
Head 45.36
This would be a relatively low risk trade in the schme of things if everything goes okay, just we never know..it has broken the neckline already..
Looking at risk/reward can help you choose trades where you can get the most gain with the least risk. I look at a trade sometimes and I know it will most likely work out, but the reward is too low to make it worth my while tying up my money on the trade. If you are ultra rich, I guess it does not matter cos you have so much money anyway (o:
I just noticed EBAY is in a long, but slow uptrend..NV and OBV are high..
Not a recommendation/Just an observation
EBAY moving closer to new all-time highsEbay traded higher on strong volume, to move higher from a 2 month consolidation.
While not a growth stock, COVID has pushed the online platform Ebay to surprise analysts with 27% sales growth YoY,
while also being a highly profitable company.
Ebay trades at:
3.9x EV/Sales NTM
27% Sales growth YoY LTM (Rising)
Gross Margin 77%
Sales estimate falling
EPS est 3.41
EPS estimate rising
$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!