EBAY trade ideas
Buy at support, sell at resistance right? Great support at the 54 level
Really great Reward to Risk trade.
Possibility of some sort of wedge forming in the next month or the stock can just trade sideways.
Good technicals to buy low and sell high. Forget the noise, don't overthink
Sold off 9% in the past 2 days, a small rally should be expected.
Excellent to take into consideration !!!!!!Although it has two somewhat bearish candles for today and yesterday we can see that it has a very good resistance at the point of 54
Although the candles there is some moment that they escape they do not exceed 53.6
Possible very fast profit operation
Stop Loss 53.6
Take Proffit 58.5 (Although you can let it run until 59)
Remember to do your operations very cautiously
Blessings for all
EBAY VS AMZNA very simple and clear chart above, from which you can see a 89% correlation between NASDAQ:EBAY and NASDAQ:AMZN .
The built-in CC is used over a month period to look at possible correlation between the two, and well just as I expected. The future is online shopping.
Do with this info as you see fit, and hit like if you found this interesting !
Best Regards, Ev
EBAY - 22.14% Potential Profit - Corridor BreakoutCorridor Breakout out of a 1-month price correction.
Target price set at resistance line bounce.
- Strong Uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $57.91
Suggested Stop Loss $56.88
Target price $70.80
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
EBAY new ATH? - I think so!!EBAY is overall in strong uptrend and had recently reached ATH of 61.06.. consolidated for a while and ready to fly again.. based on my chart analysis it is going to new ATH
Same Descending Triangle breakout, Same IH&S pattern, same RSI
My Price Targets and Stop Loss
PT1 - 63.96
PT2 - 64.47
PT3 - 66.24
PT4 - 68.73
SL - 54