As an earlier chart of mine shows, eBay
was due for a short-term correction, as it began to show signs that it would break down out of an ascending triangle
last Thursday. However, it found support yesterday at 38.2% of its breakout since February 24th, and on heavy selling today is once again there. Low risk entry point here, as its sitting on lower trend line
and nearby support line. See my previous charts for the weekly breakout perspective.
3.13.14 - 12:42pm EST