Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EBAY has exhibited an overall bullish trend , trading above the orange and blue trendlines.
At present, EBAY is undergoing a correction phase and it is currently approaching a strong support zone 30 - 34
🏹 Thus, the highlighted red circle is a strong area to look for buy...
The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $2.5 billion, beating estimates by $140 million. In the same quarter a year ago, the company earned $1 per share on revenue of $2.4 billion.
The stock is down 5.03% to $38.01 after the report....
A price action above 44.00 supports a bullish trend direction.
The bullish trend might increase in strength above 45.00.
The first target price is set at 46.00.
The second target price is set at 49.00.
The gap in the price action might be filled.
Remains a risky trade.
Past Friday we've seen another attempt to leave the downward trend prevailing since end July.
It failed again and the selloff was impressive on Monday . It continued yesterday and we've opened today with a gap down. The window has been closed and the way for a continued fall is open.
The Ebay share is currently experiencing a tug of war between bears and bulls. In our primary scenario, the bears should prevail and push the price to the green target zone between $37.48 and $29.58 as part of the green wave . Having placed the low, the price can then rise above the resistance at $52.23.
On 27th July already we opened a downward window. The attempt to close it was not not successful on Monday.
At the opening we have opened another window today and in little upward correction it could not be closed yet as well.
The failure to close the big July window, however suggests a continuation of the decline.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 43.6/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
EBAY
I love shopping on eBay so I won’t enjoy this one as much.
Daily chart analysis
After reaching all-time highs back in Q4 2021, eBay entered a downtrend (under 200ema) for most of 2022.
So far thru 2023, price has pulled back (to 200ema) and has been moving sideways (Distribution stage) in form of Head and Shoulders pattern.
Want high probability trades?...
If you haven`t sold EBAY on active buyers decline:
or here:
Then analyzing the options chain and chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the $47.50 strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release,...
In the second quarter of 2023, eBay Inc. (EBAY) reported non-GAAP earnings of $1.03 per share and net revenues of $2.54 billion, beating expectations. The company experienced strong momentum in its advertising offerings, with Promoted Listings generating revenues of $341 million, a 47% increase on a reported basis and 49% on an FX-neutral basis compared to the...
Trade as below
: Sell 1 Put for $ 45 for 19 Jan and collect $ 300
: Buy 2 Call for $ 50 for 19 Janand pay $ 1.29
With $ 0 Investment next Profit $ 4.80
Supports and resistances
52.1 **
44.57 (USD-last)
43.9 **
As you can see an ABCD patter has formed right now. It is symmetrical in time and price
I am selling short at the market price (48.55$) and putting a stop 1$ above.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 45.4/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
RSI is uptrending as well which shows strength of the trend.
We believe that the price will increase. So we can enter the long position now.
Potential profit 72%.
Risk reward ratio: 5,15
3 targets are shown on the chart.
EBAY for long trend as my analysis thought after down trend end, Harmonic Carb pattern always come in third wave
We can see the first wave it's change of character as SMC analysis and the second wave for complete the character and retest the PRZ ( potential resistant zone )
So I measure the target according to Harmonic Carb pattern using Fibonacci 3.618
