analyzing the weekly chart we can see that the prices are in a sideways trend (50-57.50) last week we have a candle of indecision (maximum 57.05 Closing 50.50) with high volumes then most likely in area 55/56 we can get a discount on first support of 52.50 where for another and also supported by the moving average of 21 periods and subsequently the other media 50
One thing is very clear, the market helped the bulls to hold the fight longer than many thought, but bears never give up forcing range trade before the inevitably hits the street. If market corrects probably next few months, expect the bulls giving up. Will the bears regain control that they were forced to give up after same fight from end of 2010 to early of 2012...
Distribution pattern possibly setting up after retest of 2004 highs. Recent close below support signifies coming weakness and expect further weakness into the next couple of years.
ebay has $ 50.00 a massive chart technical buy signal is generated (double bottom) and is expected to rebound in the coming days at the top - the first price target $ 60.00
In addition, Citigroup ebay was one of the 10 interesting blue chips included with the most upside potential, fundamentally undervalued cheap at a PE of 15.
Bounce 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...
eBay 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 $50 psychological level which should act like resistance if...
Ebay is deverging the stock is making highers highs while the indicators are making lower highs. I woudl suggest shorting when the 10 MA crosses the 21MA and the price breaks 0.236 zone. At this moment a stop loss should be placed at or a little above the blue line above the 0.236 ratio.
Hope this chart gives you a clear view of Ebay
Ebay has been trading sideways for a very long time. This is not the first trade on Ebay, check out the linked chart.
Everytime Ebay approaches the 50$ 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....
EBAY 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...
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.
