MichaelGLamothe

EBAY getting ready to break out

NASDAQ:EBAY   EBAY INC
42 0 1
EBAY             is presently setting up in a flag with an advanced pivot right around 31.33. On the daily chart , a descending trend line can be drawn connecting the HOD from 7/27, 8/11, yesterday and today.

After a huge breakaway gap on earnings, it has quietly consolidated on light volume . Last week it caught support at the 21ema and has bounced off of it.

EBAY             is leading the market as shown by its RS             line continuing to move into new 52wk highs.
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