Ebay Down?Ebay had decent earnings but was awarded for it by going down 3% in after market. Ebay is up against some resistance.
Let's see
Trade ideas
4.24.2020 EBAY Double bottom rejection + full recovery COVIDStrong reject of double bottom
Already fully recovered from COVID drop
Recession resistant company.
Support and resistance on the chart.
-NFA
EBAY INC $EBAY#EBAY broke out both 50and 100SMA after long rally. It recovered fast, expect to go on after some pull back
EBAY can grow with Harmonic Pattern..!4 waves XABCD and grow with Alt Bat Harmonic Pattern..
Entry 33$ range
TP 37 - 40
SL 31
forexness
EBAY Fib RetracementEBAY is undergoing a fib retracement along the 1.618 Fibonacci circle line
Looks good for a short
EBAY retracementBuyers have made a higher swing low in a downtrend to fill the gap to Fibonacci level or weekly supply area
One could enter or wait for the break of previous supply
Daytrading Summary 04/06/20 - 4 Trades and +2.34%!Hi traders,
Let's do a daily recap!
In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR)
.
Sometimes I adapt a little bit as you can see in the graphs.
I had 4 trades, 2 winners and 2 losers . If I were to point out the least interesting it would be the W short. I had literally zero emotions towards that trade. It was going to either drop dead and make some fast profit or fail, which it did. No problem, move on...
My "Italian marriage", however, was definitely EBAY. I was staring at the screen watching all the stocks (previously weaker) grow steadily, while EBAY was just stuck. In the end, however, I got paid a little extra for my troubles and ended Monday in solid green.
How was your Monday?
Please let me know if you'd enjoy this format from now on as well!
Good trades,
Tom from FINEIGHT
EABY Retest of Most Daily Bars PASSING AREAThis is my general observation sharing here.
When a Stock Daily Bars PASS thru a Price range band 2/3 of the time , in this case 10 days out of last 15 days, that Area ( small price range band of 25 cents in our case) will be Re-tested . Even this is True even after a big Upside Braekout which is the case for EBAY .
$EBAY Bounces OffEbay has made a successful bounce at 0.618 fibonacci level but $36 level is still a resistance.
EBay: Channel Breakdown UnderwayE-commerce stock eBay reported earnings last week. The backward-looking results were ok, but forward guidance wasn't so hot. The resulting drop is creating some bearish chart patterns.
First, EBAY formed a tight channel between $34.50 and $36.60 since October. It's now breaking the bottom of that channel.
Second, the channel began on October 24, when EBAY gapped lower on weak guidance. Its recent drop on January 29 wasn't technically a gap (because there was some price overlap with the previous session). However, you have a gap down, consolidation and further downward pressure. The direction and high-volume price moves have been negative.
Third, EBAY has formed something of a head and shoulders since last March and April. That pattern follows a failed breakout attempt in early 2018. Nothing bullish in that.
Finally, EBAY has gone almost two years without making a new 52-week high, unlike the broader S&P 500 and Nasdaq-100 indexes. A steady lack of relative strength like that is also a sign of underlying weakness.
A year ago, EBAY had a bullish gap between $31.02 and $32.73. It may now come into play as a downside target. Given the market's recent fears, traders looking to get bearish may want to start with weaker names already under pressure. EBAY could fit that bill.
$EBAY Approaching important level of support. Good shorting opportunity if the support line is broken.
Or if we do find support, it will create a double bottom and increase the chance of a trend reversal.
Worth adding this to your watchlist.
EBAY better not disappoint
Gaps above and gaps below, bias is to fill the gap on the upside.
Possible ugly head &shoulders forming.
May give us a look into what is in store for AMAZON earnings.
EBAY, How do you like this?The price bounced from that Support/Resistance Zone several times.
Now it was stopped by zone after GAP.
Potential good Buy entry here.
Before to trade my ideas make your own analyze.
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EBAY IDEA #20Los que quieran ver este antes envíenme un mensaje que brutal estuvo jeje.
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