eBAY also looks good here.
eBAY has been in a falling channel since october and has finally been able to break the upper line. It is flirting the 50 sma and seems to be holding it. Will need to hold this level to contine bullish momentum.
a double bottom has also formed at the end of the channel.
A bit of risk here.
Volume is still lacking so it would need to...
The 200MA shows the price rise and decline perfectly, ascends to the curved line and sharply turns around
This has recently occurred and now we are seeing the turn around phase
Placed bars patterns are just speculative price action assumptions
EBay, along with many other e-commerce names, has skidded lower since the middle of last quarter. But now it’s showing signs of a reversal.
The main pattern on today’s chart is the falling trendline running along the highs of November and January. Prices are now trying to push through it.
Second, notice how EBAY held $50 in February and again this month. Not...
Price has been in a descending channel for the last several months resulting in a 30% drop from its October highs. RSI has been consistently dismal. failing to pass even 50 so far this year, further confirming a downtrend. The price is currently facing resistance at the upper end of the channel and will likely reject this level and continue downwards. Place stops...
We just finished full Elliot wave with an ABC correction, we bounced off of a strong demand zone, and we should see a retracement to a 50% fib zone.
RSI: RSI touched 30 zone and is heading to cross a signal line, that indicates we are heading for a bullish momentum.
Entry: 54
Target: 65
Invalidation: 49
Hmmmmm looks like a possibility but. Never try to predict the markets no matter how tempting. This is speculative. Always try to be objective. What is happening right now and can you be confident that it will continue, that’s the decision i think makes more sense.
Hello traders this is my analysis about EBAY with Classic Elliot and Harmonic Pattern I expect a small uptrend as wave -b- from zigzag and then a downtrend with 5 wave as wave -c- from zigzag from major wave 4 and then a 5 wave uptrend as major wave 5 and also I predict a Bat harmonic pattern too !
Earnings watch 2/23 post-market:
EBAY
FUBO
SKLZ
HTZ
CLOV
LMND
MGNI
BKNG
FLGT
AMED
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
eBay was one of the main beneficiaries at the beginning of the pandemic. People turned to the e-commerce and auction site for items they needed and wanted to buy, avoiding in-person purchases.
Now the trend is shifting in eBay's favor as the economy around the world recovers. Against this backdrop, the company plans to report Q4 earnings tomorrow. While long-term...
The ONLN ETF has signs of a reversal , the same for EBAY .
Divergence and level.
The stop is large, but it is conditional.
There is a feeling that there will be a rebound this week, perhaps it will be in this action.
eBay lost its bullish channel after 13 months!
It could go down to 60 and lower ..!
Unless it get back to the channel!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an...
$EBAY Target 1 59.07
Ok, so I did sell 57.5 puts on the Feb 18th expiration but that sure looks close… LOL.
It’s ok. I’ll double down at Target 2 if I get put.
GL, y’all…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m...
