2waytrading

Bearish rising wedge

Short
BATS:EBAY   eBay Inc
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This pattern did not breakout yet, but rather failed but still valid. If price moves below 9-day moving average, it is a matter of time and it will hit $53.29 as downside target next two weeks. If you decide to short this stock, make your stop loss at recent swing high at $57 area. Join us where serious trader come and trade http://www.woowtrading.com