Bullish bounce forecast for eBayI think eBay will continue on its bullish trend very soon.
Let me know what you think in the comments.
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EBAY trade ideas
EBAY Daily chart now at 29.64 .. Suggested LONG targeting 32.32Suggested uptrend pattern after reach its new support bottom at 26.37 .. Share started new trend with aiming goals 32.32 then 37.73
Support; 28.79
Resistance: 30.8 then 32 - 34
Rebound on Mon/Tue?eBay will announce earnings on Tuesday, I tend to short it however seems a bit risky - there is a good chance it will jump back into the trend channel
[EBAY] phase 4 -> Don't buy!The price is far away from 30MM, RSI is under so low and slope of 30MM is negative. Don't buy.
EBAY finally getting ready for bullish divergenceHi guys:
Since 11 June 18 the EBAY priceline is moving within a falling wedge but now it is going to break the resistance of wedge and bulls are going to take charge soon.
RSI went to oversold zone for second time now it moving back
Candles are almost at the end of wedge but there is some more cushion for pirceline to move down till $28
The squeeze momentum has fluctuated for 3rd time which is indicating that bears are loosing charge and bulls will take over soon
Profit possibility: 15 to 40 percent (depends on entry point)
Entry point: $28 - $32
1st exit: $35
2nd exit: $38.4
3rd exit and target price: $40.5
Best of luck and regards,
Atif Akbar (Moon333)
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EBAY - Time 2 Buy!!!Time to write a call credit spread and/or write covered call option, for an easy $4 profit very soon. Nice harmonic pattern, can't get any better.
Ebay: Another company Amazon will put out of businessIt is no secret that Amazon has taken the world by storm in the past few years as its market cap nears the unbelievable 1 trillion mark. Amazon now provides a service for nearly every demand you can think of. Food, retail products, shipping, a place to sell your goods/services, cloud services, etc. In the next few years, Amazon will probably increase its user base and put smaller companies out of business, such as Blue Apron, Barnes and Noble and Ebay.
Ebay is a great fundamental short. In the next few years, their annual revenue will decrease as they begin to lose money, inevitably going bankrupt due to Amazon's dominance. Technically, the chart tells the same story. Ebay recently announced terrible earnings, causing the stock to gap down hard. It has now fallen below all significant moving averages. The 50 day moving average (yellow line) also crossed below the 200 day moving average (blue line), a very bearish sign known as a death cross.
Due to the drastic recent decline, Ebay could be in for a short term bounce, but will continue to fall in the near and long term. I recently picked up Ebay puts with a break even price of $30 that expire January 18th. I would be astonished if they are not deep in the money by that time.
Will EBAY see a bounce?NASDAQ:EBAY has fallen around 10% since its earnings report. This gives us this opportunity to swing trade this stock for a quick profit. I will currently open 1/2 of my desired position at 34 in case it falls some more, my second entry would be below 33.
ebay - short price dropFrom chart & technical analysis seems that the eBay stock price it is finding a correct average price. Price reversed the up; therefore there is this short price drop.
Target to 35.
EBAY ..SHORT TERM SWING - LONGBASED ON CHANNEL STILL DOWNTREND IN TF H4
PRICE EXPECTED TO MAKE NEW LOWER HIGH (LH) AT FIBO 61.8% AT RESISTANCE CHANNEL.
