Ebay - still longI got stopped out on my ebay trade, but my bullish bias still stands. I will enter long again Monday. Trade is explained in the linked chart.
EBAY34 trade ideas
Ebay Long Entry OpportunityBounce off support yesterday brings a safe entry opportunity for Ebay at a good support level. Any institutions which are long this stock should be buying up more at these levels; otherwise, capitulation will ensue. I would look for at least a retest of 52.00. We have some bullish momentum divergence on the histogram and stochastic, and with the markets taking a noticeable breather today, Ebay is holding some buying pressure. One would want to keep stops fairly tight, but give it some room to come back and retest actual lows from 11-26. I would think stops around $46 should be enough and still give you a nice Risk/Reward ratio.
EBAY broke down of major supporteBay broke down major support at $50 and closed on dead lows at $49.60 on Friday showing relative weakness as markets trading on highs.
Today, it opened with gap and caught some early follow through. Gap open could be new point of reference at $49.30, then we have $49.50 previous low of the day and then $50 psychological level which should act like resistance if sellers want to keep control on price.
I want to see few days of consolidation below, so then we can expect continuation move lower.
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Read my earlier thoughts on EBAY in the link below
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EBAY DIVERGINGEbay is deverging the stock is making highers highs while the indicators are making lower highs. I woudl suggest shorting when the 10 MA crosses the 21MA and the price breaks 0.236 zone. At this moment a stop loss should be placed at or a little above the blue line above the 0.236 ratio.
Hope this chart gives you a clear view of Ebay
Ebay - Double bottom at buy zoneEbay has been trading sideways for a very long time. This is not the first trade on Ebay, check out the linked chart.
Everytime Ebay approaches the 50$ level, it's time to buy. When I first published this trade, there were some negative comments on how Ebay is bearish and I shouldn't buy. Well, the story is simple, when price stands at 50$, buy, it's a good bet. At some point it will probably go way below 50, but until then, this is a good bet.
There is a double bottom at the buy zone, with a MACD histogram divergence, which is not yet completed, but it will soon be. There is a bullish divergence on the MACD lines, and bullish divergences on both FIs.
Tommorow, I'm going to wait 30 minutes after the open. Depending where we stand at that time, I will enter or I will wait. Allthough it's a clear signal, and I'm very confident in this trade, if you look back you can see how Ebay likes to whipsaw traders with false breakouts, and I'm trying to prevent this. Once long, my stop is 49.46, which is a bit more further away than my usual stops, but again, looking back at the reverseal points explains this. My first target is at 55$, and my second at 57$, but according to how ebay will act, I might take partial profits at 52.50.
I checked out the correlation between the overall market and Ebay, red lines represent start of declines, and blue lines represent start of rallies. Allthough it sometimes correlates with panics and surges, it is not that well correlated and even if the Dow will have a very nasty picture (I believe it's coming soon, I'm still waiting to pull the trigger) I will not close the entire position out. Chart here
EBAY heading into major supportEBAY is on my short list. As it trades below all key moving averages including the most important one 200 EMA, means that bears in control despite storng market and technology sector as well. Earlier it failed to hold above $58 (breakout point) and definitely it is not a good sign for buyers.
Ebay gapped down on earnings on 30th of April with pivot resistance at $52.75. bounced from major support at $50 which also acts like psychological level, but this bounce was really weak.
There are entries inside that range but for more confidence we need break down of $50 then I expect to see some follow through .
Next reasonable support is at $46 which could be my first target.
EBAY Ready for a Pop?I'd like to see some bullish Knoxville Divergence on EBAY, and then buy the sh*t out of it, or sell some puts, or buy a bull call spread. Also, I am looking for a new oboe teacher. Mine was abducted.
EBAY BULLISH RANGE MOVE notice that we are NOT using candlesticks, but rather Heiken Ashi. Heiken Ashi is very similar to the regular japanese candlesticks, but it fills in the gabs that are missing with the movement. ie if it was a bearish gap, there will be a bearish candlestick. This makes it MUCH easier to visually look at charts, as well as predict reversal candlestick patterns (engulfing, piercing, hammer, ect.).
Remember that on top of everything i write after this sentence, you should wait for some sort of conformation such as a candlestick pattern on H1, H4, or D1 to enter this trade.
EBAY has been ranging for quite some time now and it's at the bouncing point again (or at least close to it). I predict that the best entry would be the 50-52 area, as they are pretty good psychological & supply zone area.
You'll also notice that if we do the fibonacci, it shows that the price just passed the 61.8% area, but now past the .764 area. So that that's another possible indication of a good buy.
You will also notice that on the beginning of march, the price BROKE OUT of the range, but shot back down again later, which i DO find quite odd. Only thing i can get from that right now is that it's doing a retrace, although i wouldn't have wanted that retrace to be back inside the range.
eBay - Breakout Still in EffectUpon request, revisiting eBay. The stock looks posed to resume its breakout. It tested its 20 SMA last week and quickly bounced higher, closing above its TL support.
Price has diverged from the Balance of Power (systematic selling/buying) over the last two weeks. Now approaching RSI support, after failing to break through a key resistance level in late February.
Will be watching TL and 20 SMA closely, which are both critical support levels.
Breakout still in affect. Added July calls last week. $53.5 Risk at 50SMA.
More details to come.
3.31.14 - 9:05AM EST
eBay – Deja Vu. Breaking Out of a Year+ Consolidation.eBay is staged to break out of a nearly 15 month consolidation for the second time in the last two years. As depicted above, eBay has repeated the same consolidation pattern from 2011/12. Between duration (450+ days), trading range (~$9), and a sequence of 5 corresponding reaction lows and highs to form a narrowing pennant (to mention just a few), the two periods of consolidation are remarkably similar.
Similar to the final pattern leading to the breakout in Mid-Feb 2012, eBay found support at its 100sma this past November on its fifth reaction low. Prices have since rebounded, consolidating in the upper range of the channel, and have closed above the 50sma during the past two weekly sessions. The body of the latest candlestick now rests flush with the upper trend line (or just below, depending on where you place it) – see Feb 6, 2012 weekly bar. The recent upturn is confirmed by strong volume and a positive inflow of money. Bullish wedge forming over the last 12 days. A close above 55.65 would signal a break out of the consolidation.
As usual, the longer the pattern, the more significant the breakout. Targets are based on the 1, 1.68, 2.68, and 3.618 FIB retracement levels of the 15 month channel. Previous breakout in February 2012 followed this pattern nicely.
Target 1 - $58
Target 2 - $63
Target 3 - $72
Target 4 - $80
Current stop at $53 – just below 50wma ($53.3). Opt to raise stop as price action develops.
I am long 2015 calls as of three days ago.
Caution: NASDAQ vs. BATS Data Differe Widely #EBAY #NASDAQFriends,
I won't post this one on Twitter. Just a quick editorial note here as an analyst, to alert you, the trader, and bring your attention to the fact that some EBAY charts produced on this site have widely differing data. One Ebay chart I just came across has data originating from BATS, whereas the one I have here has data generated from NASDAQ, yet both charts have been posted on this site.
If you clicked the right upper corner of the chart under a BATS data-generated chart, you will see a WARNING about the source of the data. In essence, it mentions that BATS data have fewer and less precise price updates, and that NASDAQ data (for Ebay), as well as NYSE or AMEX data are available under a "PRO-Real Service".
Just wanted you guys to be aware of this quite drastic differential.
Cheers,
David Alcindor, MOD
EBAY: Ideal Short Setup and DistributionMomo slowing as distribution begins. Ideal entry is around 55, with short target between 53 and 52 contingent on downward momo and retest of leg start
Large option rollout today @sm44 chart requestMildly bearish here. I think we might hit upper trendline and retreat. Current option player either hedging or not. Weekly RSI is waning (but divergences works themselves out over time). Watch that 56 level. ER Jan 22.
EBAYEBAY will be interesting to watch this week, each time it has bounced off the trending box the MACD has moved lower. Being a holiday week we may have to wait until next week to see if the bulls or bears are going to win, either way remain flexible. Enjoy the Holidays
Daily - Channel Price action with a little bit of Fib Daily - Channel Price action with a little bit of Fib and bounce price points
Ebay experiencing longer term distributionEbay has been trading flat since late 2012. We have seen weeks price move much more easily in declines and then struggle to regain that ground. Volume has also peaked on these declines showing more conviction on the downside. This is opposed to the previous flat trading period from late 2011 to mid 2012 which saw more volume on positive weeks. In the current distributive pattern, we can even see that the selling is hitting the market at lower and lower prices as institutions are increasingly eager to get out.
Ebay - At buy zoneEbay has been trading in a wide rectangle for almost a year. The 50 dollar level is very significant as outlined, the stock always finding buyers there.
The MACD lines looked really messy, without any pattern, or at least i couldn't figure it out. No pattern in volume either for my eyes (rookie eyes!!!). Therefore, I plotted only the MACD histogram which looks really nice, with many bullish divergences when the stock was at the buy zone.
At the present time, a bullish divergence is taking shape. A reverseal candle (like in the past) would be the next signal. A move up after that candle would be the kick off of a rally.
A strong close below this buy zone would close this trade and would make me aware of the short side.
Ruby on Ebay / $EBAY / #tradingviewVery fast Ruby markings on this short. What I am seeing are very clean entries and significant moves; then as Ruby goes into Ruby's Wallet phase, the reversal happens very fast and has unsettling hits on stops, yet the entry holds during the retracement. Sincerely, Beauty
