EBAY has been following an uptrend channel for a little over a month now. I believe this is a good area to add long calls such as the $75 call for December 17th. If it goes under the green trend line, then the next point of support would be the red one. There is also bullish divergence on the daily chart. Of course, the market could be down tomorrow, and this could send EBAY out of the trend. If it holds the trend, I would go long.
Comment:
This has been a good play to recycle for the past two days. I have entered and exited 2 times so far just playing to the top and re-entering at the bottom. Ultimately I do think EBAY will break 75 and if it does my target would be 76.30 and then 77.40