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p4917

My 2 cents on eBay

Long
eBay Inc. (NASDAQ:EBAY)  
p4917 Updated   
NASDAQ:EBAY   eBay Inc.
Trend Lines Seasonality Support and Resistance ebaylong ebaystock bullishstocks seasonaltendencies seasonality-trading seasonaltrade bullishpattern Trend Line Break trendlineset
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trendline seasonality supportandresistance ebaylong ebaystock bullishstocks seasonaltendencies seasonality-trading seasonaltrade bullishpattern trendlinebreak trendlineset
It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
Comment:
SL moved to 45.34 USD. Now it's above my entry level - so I've got a "win-win-trade"
Comment:
TP moved to 58.28 because of fib retracement

snapshot
Trade active:
TP moved down to 55.71 USD. Not because I think the stock can't rise higher but because of the system I'm using.
Trade closed: stop reached:
SL at 45.30 USD triggered (protecteive SL order - so I've made a few coins on this trade)
Trade active:
Re-entered LONG at 45.08 USD

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Trade closed: stop reached:
2nd position closed because SL was been hitted. In the meantime the bullish seasonality isn't there any longer - so I stay away from this stock.

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