Ebay is coming off a strong rebound last week on the 1D MA200. 1D is again gradually turning bullish (RSI = 50.474, ADX = 33.642, Highs/Lows = 0.3699, CCI = 102.4213) as it approaches the 1D MA50.
What is more interesting is that last time Ebay touched the 1D MA200 after a Golden Cross formation (took place last March) was in 2016/ 2017. The rebound was extended...
On the H4 chart of EBAY, it seems that that the instrument has comleted its local 1-5 Elliott cycle and ready for ABC zigzag correction. In addition, we can see the AO indicator divergence in the 5th wave which a soling indication of the trend end. Going short using levels that are marked on the chart. What do you think?
4H CHART EXPLANATION:
If price breaks down the Support Zone of the range, it has potential to start a downside move towards the Support Zone at 31. A few days ago it started to show weakness on MACD, as we can observe the Bearish Divergence while the price tried to make higher highs.
eBay, the long forgotten company!
Weekly Chart looks good. Although it must break upward resistance around $35.50, it should run higher.
Currently, the stock is trading under the cloud. It does not worry us because indicators are turning up, BULLISH
Almost every indicator is turning BULLISH
MACD - Turning BULLISH
RSI - Turning BULLISH
STOCHASTIC - Turning...
It is no secret that Amazon has taken the world by storm in the past few years as its market cap nears the unbelievable 1 trillion mark. Amazon now provides a service for nearly every demand you can think of. Food, retail products, shipping, a place to sell your goods/services, cloud services, etc. In the next few years, Amazon will probably increase its user base...
We're back into the thick of earnings season again ... .
NFLX (rank 64/implied 52) pops the top on Monday after market close, so you're going to want to slap anything you want to do on before session end to take maximum advantage of a volatility contraction play.
Pictured here is a 20 delta iron condor in the weekly with a buying power effect of 6.59 per...
Potential Re-accumulation on SPY and Accumulation on BTC
Strong similarities in horizontal levels of support and resistance for SPY and BTC when tracking versus EBAY's accumulation phase:
Selling climax (1), double top (2, 3, 4), secondary test of lows (5), test of double top neckline (6), then down to a new low into a spring (7), then onto mark up.