EBAY SELLThe long-term outlook is down.
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EBA trade ideas
EBAY EARNINGS ARE NOW ON 7/28EBAY WAS SCHEDULED TO REPORT EARNINGS THIS WEEK A NEW DATE WAS PUBLISHED TODAY THE DATE IS NOW July 28th.
EBAY now expects second-quarter revenue to be between $2.75 billion and $2.80 billion, compared with earlier estimate of $2.38 billion to $2.48 billion.
EBAY EARNINGS ON TUESDAY LONGEbay has earnings on Tuesday 7/14/2020, if you take a look a the chart, ebay has been on an incline this past quarter.
eBay (Coming to wave 3)I believe that we have 1 more green day before eBay starts to begin its downtrend to wave 4.
eBay Inc (EBAY - NASDAQ) - Bulls on fireeBay Inc (EBAY - NASDAQ) is in solid impulse within 4 hr time frame, where 5th wave is in progress. In 30 min time frame, it is in 3rd subwave, where internal 3rd wave is about to end soon. Thereafter 4th internal wave will correct it down, which is good buying opportunity. Again it go up to complete the 3rd subwave of 5th wave up. Stay bullish when three wave correction occur for new high as target.
eBay - Shooting Star Signal - SELL !The Shooting Star Signal along with selling volumes implies a price reversal.
The fact that this formation is on weekly basis, makes it even more likely.
EBAY INCNASDAQ:EBAY
As with the NTFLX, EBAY grew after the SPY.
What's on the chart:
1. We have a strong resistance level 50
2. The level is reinforced with a round number.
3. The naked eye can see that the short player entered the fight on June 4 and has been holding the level ever since.
4. On June 23 there was a level retest, but could not take it.
5. We rolled back down, but went up again to the close retest.
6. If the market goes up today, maybe the level 50 will be taken.
There are two ways to trade:
1. Aggressive scenario:
Entering the break-down by placing a Buy Stop before opening.
2. S afe Scenario:
Entering the longitude only after the first false breakout. Wait for the price to go back to the level and only then place the Buy Stop. SL order to place for the first break-down bar.
$EBAY$EBAY
To remain bullish, we would like to see $Ebay hold a daily candle over $49
Over the weekend news came out with the following headline:
"eBay sellers told Martin Luther King memorabilia is 'offensive' after new policy is introduced
The auction site wiped thousands of 'inoffensive' items overnight after banning items that further racial stereotypes"
Articles were published today so it will be interesting to see how Wall Street reacts Monday morning.
Ebay is also one of those companies that has moved on towards all time highs. Possibly because people have nothing to do right now other than sit at home and buy and sell their own goods?
If $49 does not hold and the markets continue to drop, support looks like it can be found around $43.
EBAY Bad tryMade a stop below daily low and not at support. Missed the trade, but, still had 1:3+ profit.
Tha's how i Played it, What would be the best re-entry?Where would you get in again or where would you start shorting?
$EBAY ready for pullback?Potential short setup in the works. If it can't break, we should see a downturn in a relatively short amount of time. Up for debate!
EBAYBased on my analysis:
1. EBAY formed flag pattern (May 1-May 14).
2. Breakout neckline price with high volume.
3. Slow stochastic indicates that prices will continue to rise.
4. Traders are advised to take profit (1) at 43.59 USD or (2) 48- 48.47 USD.
Syeikh Hafiz
Stock Market Analyst
