markbrsz
Short

$EBAY short idea

NASDAQ:EBAY   EBAY INC
67 1 0
$EBAY held under $57,50 resistance for several months until a fake breakout came in February 2014(zoom out far enough you'll see that price revisited the high set back in late 2004 at $59,21) and has been unable to make higher highs since. The week of October 13th painted a new low on the chart and was the first lower low since December 2012. We saw a 4 week relief rally back into channel resistance, however as price was rising, volume was declining. To add to the storm, last weeks price action painted a lovely shooting star reversal candle right near channel resistance, which is in confluence with the .618 fib retracement. If this thing is looking to roll over, a nice low risk entry would be on the break of last weeks low at $54,23 which was tested today. If this level cracks, we may see $EBAY rollover and flush back into trendline support. Stay tuned folks!
update: trade not triggered as low of $54.23 did not break, trade idea trashed as stop was hit, watching how price acts around $58.04 level
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out