Similar areas in corresponding colors
Bottom should be along the bottom trend of the megaphone
From here it should either form another double bottom (green) or make a sharp reversal up with the megaphone
Last month, the online marketplace eBay acquired a specialty NFT marketplace called KnownOrigin. The press release stated that KnownOrigin is the "leading" NFT marketplace. As a cash-rich company, eBay was well positioned to finance this acquisition.
However, with limited growth opportunities, the company must be careful not to lose focus on shareholder returns....
Analysis for EBAY
RSI is steadily increasing with a third bottom point revealed
This RSI bottom point correlates with price bottom point along the strongest trend line
Bullish
This is purely an Amazon play, but ONLN is now trading below Pre-IPO levels. I believe that its exposure to Amazon, alongside other names that have seen a brutal sell-off (MELI, BABA, EBAY), makes it an excellent long-term buy for traders looking to find a great cost average entry point for the long term. We have to remember that Amazon is a great business still...
Classic (W) in downtrend & long term (M) in down trend.
waited for a Bounce (correction) up to the
last Lower High of the (W) took the SHRT at
60.10
My risk was right above the inverted hammer
& down she goes 7 weeks or seven red candles
sticks.
I closed my Short today, while price is coming into a strong DZ
from the monthly chart
I fought Greed to keep the...
I remember i was also a user of EBay in the past few years, but i closed my account in January because of their high fees and lack of sales. i got less views per product than before.
And i noticed that my personal experience with SHOP Shopify and SSTK Shutterstock selling less or PYPL PayPal high fees was other people`s problem too. and we moved away from those...
Market just finished 1-5 Elliot Wave Theory downwards and started an ABC correction, we are waiting for the last correction wave to complete which we are forecasting to end in around $50 making it a flat ABC correction.
Entry: 50
Invalidation: 48.54
Target: 60.62
The 200MA shows the price rise and decline perfectly, ascends to the curved line and sharply turns around
This has recently occurred and now we are seeing the turn around phase
Placed bars patterns are just speculative price action assumptions
We just finished full Elliot wave with an ABC correction, we bounced off of a strong demand zone, and we should see a retracement to a 50% fib zone.
RSI: RSI touched 30 zone and is heading to cross a signal line, that indicates we are heading for a bullish momentum.
Entry: 54
Target: 65
Invalidation: 49
eBay was one of the main beneficiaries at the beginning of the pandemic. People turned to the e-commerce and auction site for items they needed and wanted to buy, avoiding in-person purchases.
Now the trend is shifting in eBay's favor as the economy around the world recovers. Against this backdrop, the company plans to report Q4 earnings tomorrow. While long-term...
$EBAY Target 1 59.07
Ok, so I did sell 57.5 puts on the Feb 18th expiration but that sure looks close… LOL.
It’s ok. I’ll double down at Target 2 if I get put.
GL, y’all…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m...
ebay slightly breaks through supports from the last year despite coming back up to support levels in the last few days could see more losses if trends continue from October.
eBay lost its bullish channel after 13 months!
It could go down to 60 and lower ..!
Unless it get back to the channel!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an...
Uptrend + 200day ma bands on EBAY have acted as support in recent times. Perhaps a long trade with a tight stop loss below yesterday's reversal low and short term target to 70-71 range with extension if market holds up
EBAY has a very stable, profitable and long history of operating business model. With a P/E around 21 and only $42b market cap it's relatively cheap. It looks to be setting up for a good long play here with price below the lower Buy Sell Band, 8.40% below the 50 day MA, and solid Range Strength/Hurst Exponent readings for a mean reversion play.
