I see a flag waving
Earnings in October
The digital economy and online marketplaces have certainly benefitted from Covid. It is like 2 groups of stocks out there right now. Good companies who do not benefit and good (and not so good) companies that do benefit. Ebay is one of the better considering the choices we have been given as of late
It makes for a difficult trading environment because news of a vaccine can make the old stocks that have been left in the dirt go up, and send some of the benefitters down quite a bit. Etsy comes to mind.
Ebay was in a rising wedge, a narrow one but definitely a narrowing rising wedge. This stock broke up and out of the wedge. Who knows if she will pull back to break the bottom trendline of the rising wedge? Has had quite a run. EBAY would have to dip down to 50ish to pierce that trendline
Not a recommendation/Just an observation
Earnings in October
The digital economy and online marketplaces have certainly benefitted from Covid. It is like 2 groups of stocks out there right now. Good companies who do not benefit and good (and not so good) companies that do benefit. Ebay is one of the better considering the choices we have been given as of late
It makes for a difficult trading environment because news of a vaccine can make the old stocks that have been left in the dirt go up, and send some of the benefitters down quite a bit. Etsy comes to mind.
Ebay was in a rising wedge, a narrow one but definitely a narrowing rising wedge. This stock broke up and out of the wedge. Who knows if she will pull back to break the bottom trendline of the rising wedge? Has had quite a run. EBAY would have to dip down to 50ish to pierce that trendline
Not a recommendation/Just an observation