It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
If you haven`t shorted the news that EBAY Active buyers declined 13%:
then you should know that looking at the EBAY Inc options chain, i would buy the $39 strike price Puts with
2022-11-11 expiration date for about
$1.53 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion...
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
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
Since the end of March 2020, eBay's stock price has risen 146%. Due to the unfortunate COVID-19 situation, many people have been forced to turn to reliable online sources to buy goods, and the e-commerce marketplace eBay has received a huge boost from this wave of traffic. Revenue growth accelerated from a 2% year-over-year decline in the first quarter of 2020 to...
Beautiful MACD crossover after it rebound off that 200 Exponential Moving Average. Next candle we will have a Parabolic Sar pop up for a move to $69 plus. Grabbing up some 8-20 calls on EBAY strike price 67.50. This will be a quick in-n-out
Ebay is at an interesting time to buy it in the medium / long term.
If you observe the previous circles, in the 2 previous occasions the candle has left a wick below the average of 200 periods, closing the candle above the average.
There are 2 scenarios for me:
1- That it goes down to the green horizontal line that is the first monthly support. From there it...
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.
Corridor Breakout out of a 1-month price correction.
Target price set at resistance line bounce.
- Strong Uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $57.91
Suggested Stop Loss $56.88
Target price $70.80
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target...
