The PEAD projected a Bullish outlook for $EBAY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
Price is retesting the broken support now resistance. I don't think is going to break it through. I just bought some puts expiring on dic 16. Let's how it plays out.
If you haven`t shorted the news that EBAY Active buyers declined 13%:
then you should know that looking at the EBAY Inc options chain, i would buy the $39 strike price Puts with
2022-11-11 expiration date for about
$1.53 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion...
There's a little signal that Ebay would recover its price.
But the possibility is around 40%, that's why I put my stop loss very near to my order.
However, if Amazon could gain strength this week, it would smash the nearest supply zone .
I remember i was also a user of EBay in the past few years, but i closed my account in January because of their high fees and lack of sales. i got less views per product than before.
And i noticed that my personal experience with SHOP Shopify and SSTK Shutterstock selling less or PYPL PayPal high fees was other people`s problem too. and we moved away from those...
The technical figure Triangle can be found in the daily chart in the US company eBay Inc. (EBAY). eBay Inc. is an American multinational e-commerce company, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay...
Similar areas in corresponding colors
Bottom should be along the bottom trend of the megaphone
From here it should either form another double bottom (green) or make a sharp reversal up with the megaphone
Last month, the online marketplace eBay acquired a specialty NFT marketplace called KnownOrigin. The press release stated that KnownOrigin is the "leading" NFT marketplace. As a cash-rich company, eBay was well positioned to finance this acquisition.
However, with limited growth opportunities, the company must be careful not to lose focus on shareholder returns....
The PEAD projected a Bearish outlook for $EBAY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 54.55%.
Analysis for EBAY
RSI is steadily increasing with a third bottom point revealed
This RSI bottom point correlates with price bottom point along the strongest trend line
Bullish
Classic (W) in downtrend & long term (M) in down trend.
waited for a Bounce (correction) up to the
last Lower High of the (W) took the SHRT at
60.10
My risk was right above the inverted hammer
& down she goes 7 weeks or seven red candles
sticks.
I closed my Short today, while price is coming into a strong DZ
from the monthly chart
I fought Greed to keep the...
