EBAY34 trade ideas
EBay Holds Key LevelEBay was one of the surprise breakouts of early 2020. The online-auction and e-commerce stock ripped to new 52-week highs in May and kept flying on raised guidance in June. The strong numbers kept coming in July and October, but the stock just drifted and then slid lower.
The pullback landed EBAY back at a key level around $47, the old record peak from 2018. It gapped through that price area in June and bounced near it in mid-September. It’s also close to the 200-day simple moving average (SMA).
Speaking of the 200-day SMA, prices tested below on November 10. They quickly snapped back and formed a hammer candlestick, which may suggest the shorter-term decline has ended.
Given its strong results and turnaround, longer-term trend followers may look for EBAY to continue higher into yearend.
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$EBAY LongJust a few days ago I posted a neutral rating on $EBAY. Later on, I updated it to a cautious buy after a strong pump that gave most of its gains away. Today is a confirmation that a swing upwards is imminent.
The past few days were filled with fake pumps that gave up gains intraday and dropping under $49 near market close. The relatively strong close above $49.40s makes me bullish for a gap up in the coming weeks. CCI remains high at 100. MACD is also still above signal line, albeit just a small gap.
Target 1: $54
Stop Loss: $48
EBAY Long1) Bullish divergence
2) Making Higher Low
3) Volume comes in
4) Histo green
5) MACD golden cross
$EBAYNeutral right now as it holds the fibonacci support but eyeing an entry as soon as MACD crosses over.
Finally broke outSo, we broke out intraday, which was unexpected for me.
Every aspect of a breakout was given, but we have to be careful and wait for a confirmation
I am planning to buy some shares or some vertical spreads.
downtrend since we hit 52w high we have been bleeding, but its still good risk reward to grab a long here with a tight stop. id personally wait for a break of 51 and scalp it to the top trendline :) gl !
Looking for a breakout of this downward channelTarget $58+ by EOY.
Playing this with the 12/31/20 48.50 CALLS. Paid $2
Buy Signal: 48.96Ingenuity Trading Model-
Geometric Markov Model : 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 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 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.
EBAY Long, Demand ZoneMonthly Support
Daily Demand Zone
entry 49
stop 46
target 58
Reward:Risk =3:1
Earning date 10/27 -- last week.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
EBAY - Feb 2021 PT $58-60Lets face it. I like EBAY. You like EBAY.
Just about everyone likes EBAY.
That aside looks like this bounces before reaching S1 line for a run back up to $50-$55.
Stop loss @ just under $44 , doubt it reaches that low though..
Feb 2021 PT $58-$60
*template & indicators used*
* Swing trade template(Zig Zag, Pivots)
*Supertrend V1.0
*Vol
*MACD
EBAY earnings today at 4:15pmEBAY earnings is today at 4:15pm. Consensus is P/E = $.84, +32% and Revenue = $2.71B. This could go either way, but one thing I do remember is EBAY moves a lot after earnings. So I got 11/06 expiry strangle, splitting the equity allotment neutral 1:1 ratio. At 12:30pm it was at 53 so that was a good entry for equilibrium price and the theta isn't bad = total of .22. Good luck and happy trading friends...
Stocks to watch on Monday #1Hi folks!
Will, we finally break that resistance at 54.23, who knows?! I cant see the damn future but in case we do;
it will be a good sign to go long.
My first price target is between R2-Pivot Point and the 100% Fib retracement (59.96-60.94)
If we fail, strong support is at 47.68
Trade safe, and check my other ideas regarding Monday!
{Ebay}This is a general overview of Ebay.
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bullish on ebay. earnings this week. trade safeseems to be a bullflag forming on ebay. keeping this on watch. they seem to always drop on earning but recover easily. so a drop just may be my entry for some calls.
Ebay earningseba NASDAQ:EBAY y earnings are coming the 28th. Pre-run before earnings is expected. Selling before earnings.
EBAY Earnings PlayNASDAQ:EBAY sitting on trendline converging with 61.8% fib, already re-tested june move. Earnings 10/28. Has lagged the indices, has tailwinds of lockdown and unemployment estimates 23-26% EPS growth and growing margins. trading 3x sales.
