Just a few days ago I posted a neutral rating on $EBAY. Later on, I updated it to a cautious buy after a strong pump that gave most of its gains away. Today is a confirmation that a swing upwards is imminent.
The past few days were filled with fake pumps that gave up gains intraday and dropping under $49 near market close. The relatively strong close above $49.40s makes me bullish for a gap up in the coming weeks. CCI remains high at 100. MACD is also still above signal line, albeit just a small gap.
Target 1: $54
Stop Loss: $48
The past few days were filled with fake pumps that gave up gains intraday and dropping under $49 near market close. The relatively strong close above $49.40s makes me bullish for a gap up in the coming weeks. CCI remains high at 100. MACD is also still above signal line, albeit just a small gap.
Target 1: $54
Stop Loss: $48