EBAY trade ideas
Weekly Hidden Bullish Divergence Breakout. 62% pump possible.Ebay is looking like it wants to begin a new wave of upside with it's measured move taking us to the 2.618 Fib extension..
$EBAY | Bull Flag Breakout [Update] $EBAY broke out of the bullish flag. This should continue higher. Look for long entries.
High Risk High Reward EBAYPossible 1,2 set up i am still bullish on Ebay min target is 52 looks to also being a double bottom only reason why i see this popping last time AMZN ran ebay bounced off support and ran a bit, although it wasn't a huge move , the contracts are cheaper and any sudden movement most of the contracts move nicely :), no ultimate since it hasn't decided if this is a true double bottom or not, waiting on confirmation but overall target 52
EBAY bounce to upper trendlineEBAY still seems to have a ways to go in its wedge, but a bounce, possibly to the upper trendline, seems extremely likely, as a break below would make it quite bearish. This can be a good entry with a SL once again below the blue trendline, but time is needed on this one as NASDAQ:EBAY is not only a slow mover, but we are in a period of very low volume. The first major target will be placed at 51.95. TTM Squeeze is also working in our favor as the bearish momentum, which was really heavy, is finally coming to an end.
EBAY Long hold for a break out2 to 3 months DTE, EBAY will be back at ATH, sizing as swing trade 1/5 at a time
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.
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Great setupVery big fan of this b/o gap fill, now backtesting top of backfill with double daily lower wick tweezers.
EBAY - could be breakoutWe rode EBAY on this move that looks like a potential breakout.
Could be a nice run, or it could fizzle here, I am leaning bullish.
Drew some of the important trend lines here.
Remember, better to trade the chart, not the company!
$ebay filled the gap. In 52.5 C Jan 22nd this morningwith today's push, filled the gap. Close above 53.47 should take this to 56.34
EBAY analysisOverall, $EBAY is bullish.
- Rejecting the .618 fib
- Oversold in the MFI
Trapped in a channel
For day traders, buy now and TP at $51.40-$52 (Double Top formation)
For swing traders, buy now and hold through the "double top" sell off that might happen
OR wait for price to come down to $46.50 which is our BEST buying area
I think that since we are so low in the channel, buying in this area is good.
$EBAY - Short-term Long OpportunityThis is pre-breakout but presents an excellent risk-to-reward.
Breakout point is ~$52 - this would confirm my target of the 61.8% extension.
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
