Technical Analysis
Since the start of the year, eBay has trended up in a clear channel, where the support line is the 100sma.
Since the test of the upper trend-line of the channel, eBay has retraced 10% and is sitting on the 100sma.
Stochastic RSI has been helpful to signal retracement from one side of the channel to the other. When the SRSI is oversold (under...
Will Wayfair break out of the triangle pattern that has been formed since August 2020? It's a bullish pattern and has every chance of heading higher. Wait and see though.
Amazon has been consolidating for almost 10 months.
Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range.
It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again.
Making a measured move from the last time it did this, we get a potential...
took a litte longer.. but the formation looks good and if this week the US Yields stay lover or fall .. good for the stock market... so RSI is low, MACD is turning around... mid of the year could reach the goal of 60
Looks good for Amazon coming in to earnings. I think we will see a solid run up and surpass previous ATH. It still needs to retrace to fill that GAP but I think it will be after earnings. We should see a good run up again going in to Christmas with all of the online shopping that will be happening for the holidays. Good luck guys!
The are multiple technicals showing support at the current level.
1. 50sma hasn't been broken since early april. (orange trend-line)
2. has seen reversals at the lower end of the trend (blue line)
3. we are above, and holding the previous resistance from early July (red-dotted-horizontal-line)
4. Drawing a Fibonacci retracement from: All-time-high to 100sma, we...
Alibaba making an interesting W-formation.
Waiting for a break above the double top, or a retracement to the 20sma to go long.
OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67.
Keeping on a watchlist.
