jacektrocinski

Ebay Uptrend (Exit and Entry)

Long
NASDAQ:EBAY   eBay Inc
Ebay has generally been trending upwards for the last 10 years and is currently trading at a low Price/Earnings ratio of 15.
The 50 and 100 Moving Averages should offer support in the short term.
The Fibonacci Extensions at the top represent possible resistance points where profit taking may occur.
The Fibonacci Retracement drawn at the bottom represented ideal entry points into a long position.
The current price level, though not an ideal entry point, still remains attractive.

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