EBAY trade ideas
My 2 cents on eBay It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
EBAY Options Ahead of EarningsI wonder who is still using Ebay?! I used to have a store there and close it because of their high fees.
If you haven`t sold EBAY here, on the active buyers decline:
Then you should know that looking at the EBAY options chain ahead of earnings , I would buy the $47.5 strike price Puts with
2023-7-21 expiration date for about
$3.70 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if EBAY keeps going lower.
Looking forward to read your opinion about it.
EBAY - Why Can It Rise Again?EBAY - Why Can It Rise Again?
EBAY - Why can it rise again?
As we have seen in previous quarters, EBAY has reported very good earnings data. Every time above expectations.
On February 22, 2023, EBAY is due to report earnings again.
On the chart, we can also see that the price broke out of a strong structure area adding more value to the bullish move.
Considering that everyone will anticipate the Earnings Report but also
the dividend day which will be at the end of the month we can assume that more liquidity will join the EBAY stock over the next few days.
PS: Be careful as history is showing that on dividend day the price started a bearish move and I don't think you want to get stuck there...
Thanks and good luck!
EBAY daily. continuation of price move?EBAY breakout of the symmetrical triangle which was inside of the down channel is bullish. Breakout was on bigger volume and was also breakout through BigRed 200 days MA which is also very bullish, and now is forming high base formation just right after its breakout.
Friday's price action wasn't confirmed with volume as it was below 20 days average.
It is above all major MA which is bullish.
RSI is neutral.
MACD histogram is ticking lower but the MACD line is still above the signal line which is bullish.
Overall: EBAY after such a strong move above the trend line and BigRed EBAY deserves to be on the watchlist. In the case of its breakout of the high base, long trade would be triggered above a small red dotted line or high from 18 Jan. The initial target would be around 50.80 which was the last high. The ideal situation would be for eBay to consolidate on these levels for a few more days on lower volume and then break out strong.
Drop below the trendline and BigRed would cancel the possibility of a long trade.
EBAY D3 - one to keep on watchlist “Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
EBAY Inc Options Ahead of EarningsIf you haven`t shorted the news that EBAY Active buyers declined 13%:
then you should know that looking at the EBAY Inc options chain, i would buy the $39 strike price Puts with
2022-11-11 expiration date for about
$1.53 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
EBAY Active buyers declined 13%I remember i was also a user of EBay in the past few years, but i closed my account in January because of their high fees and lack of sales. i got less views per product than before.
And i noticed that my personal experience with SHOP Shopify and SSTK Shutterstock selling less or PYPL PayPal high fees was other people`s problem too. and we moved away from those services.
Active buyers on eBay declined 13% in the quarter.
Revenue fell 6% to $2.48 billion, but above expectations of $2.46 billion.
The forecast for earnings of 87 - 91 cents per share is below the average analyst view of $1.01 per share.
CFO Stephen Priest: "Those negative (war) impacts will continue through 2022".
My buy area is around 37-40usd.
Looking forward to read your opinion about it.