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.
We've got a short on Ebay guys!
I believe that once prices have penetrated the 41.00 region we could see a potential bearish pull down to the 37.00 Region or even lower!
Let's see how things turn out!
More earnings ... .
EBAY announces on the 31st (Wednesday) after market open: implied volatility percentile/rank 72/background 33.
FB, on the 31st after: 90/34
MSFT, also on the 31st after: 100/29
BABA, on February 1st before: 94/40
AAPL, on February 1st after: 97/30
XOM, on February 2nd before: 91/19
Of these, BABA looks the most promising. Preliminarily, the...