EBAY Bounce to at least $52 and possibly $57

16 0 0
I have initiated a LONG position at $49.2

Obviously this looks like a stock in a trading range between $48 and $57. So right now you have a potential $1-$2 risk with about $7-$8 gain. Also note that recently the support at $48 looks to be confirmed.

A more conservative target would be $52. Since this is likely the highest resistance zone with the highest volume of shares traded at that level. This would be a good point to take some profit if not selling all.

In this Case you still have a reward:risk ratio greater than 1.

Therefore, I don't see a reason NOT to buy. :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out