OP Currently retesting the trendline after breakout out - Also testing Top BBand.
If this Holds, 5EMA should catch up by tomorrow, signalling that this short term Uptrend is still going strong.
Friday Gap almost closed, but a complete closing of the gap would be preffered.
Bearish if the retest of the breakout trendline fails.
NASDAQ:EBAY Ebay breakout from its resistance. Buying price 60.10, PT: 71.97 with Stoploss 56.95.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
Price break a long consolidated resistance, now has tested it has support.
Given the resistance was very strong, hope price will try to break it again.
If price come and close below entry point, setup a Buy Stop if price does respect this support holds.
-Yurlo (please hit that like button if you appreciate the visuals & idea's) 👍👍👍👍
Breakout: August 28th
Test highs: September 1st
Retest of previous support levels where breakout originated from: September 1st - 2nd
Consolidation: UNDER WAY
Continuation: Will likely start to pick up bullish price action after 11600 holds as support.
1. Current support level has been tested and confirmed 3 times.
2. Price broke previous range top and coming back to retest the supports, in particular the market support zone.
3. If next couple of hourly candle shows rejections to the upside, will be high potential to make a higher high
4. Eventually, it might go test the high make a double top.
NYSE:WMT Wal-Mart is sitting at what should be a strong area of support going into its quarterly ER this Thursday. Strictly technically speaking, this is a convergence of multiple supports that should provide a stop to the selling pressure. There is a horizontal former resistance that should turn support, an uptrend support line, and the 125 MA all in a cluster...