EBAYD trade ideas
EBAY short on strong MACD, Force Index divergencesStrong bearish divergence on weekly MACD and Force Index. Bulls have lost steam at the upper line of the 8 year-old channel, while impulse system has turned blue, thus letting us sell. Entry -$33.83. Stop is at $34.67, target - $30.48
Downish on this stock due to nice entry points at lower pricesDownish on this stock due to nice entry points at lower prices
Calling the Top of EBAY.Played $ebay to the short side today with options.
Play
Bought 34.5/33 Put Spread for .57
Reasoning
Competition of Daily Elliot Wave 5 count inside of Weekly Elliot Wave 5.
Held .786 Fib Extension of Wave 3 resistance.
50SMA was left in the dust. Looking for a convergence before continuation.
I will posting updates to the trade as I adjust my position.
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Breakout of resistence Double bottom with retest of neckline. Then and nice breakout with volume. Look to go long once we break 31.03. I'm playing this will Feb 3rd week options. I'm going to hold over earnings.
Re- Testing strong Support Ebay with retesting 30.50 should goes up again if support hold in daily chart
Forming double topEBAY forming double top to get bearish . proceed with caution over market bullishness
ABC Correction EBAY after impulse wave maybe ABC correction.
after trigger in the point C possible Long position was entered.
Gap Close before Christmas??!!Will ebay close the gap from october 2016?? In my opinion it will. The question is when. :)
This is just an idea after going trough lots of US stock charts.
IDEA NOT ADVICE! :)
EBAY- Earnings play- $31 October puts EBAY looks very bearish after a nice run. Price crossed below MA 50 & huge divergence in moneyflow.
It had quite a bit of selling in August at $30 level, and price to earning ratio is high at 18.9 . So we think it will decline with the earnings report.
For earnings play we would consider $31 October puts, last traded for $0.89
You can check our detailed analysis on EBAY in the trading room/ Executive summary link here-
www.screencast.com
Time Span: 22:30"
Trade Status: Pending
Trade suggestion date:
EBAY INC: Trend breaking or temporary dip?Ebay is currently breaking the trend lines shown. Expecting it to rise again due to high earnings expectations but caution advised as this does go quite a bit below expected trend.
ConsolidatetAfter the long spike 27th June till 25th July there has been a consolidation. Now we exceeded the consolidation zone upwards.
