Conversion over base
Candle closed above cloud
Lagging span closed above cloud
Trend continuation signals
Higher highs, higher low
green previous support on daily
Yellow strong resistance on the daily (there's a couple of weaker resistance lines on the daily on the way up)
I'm looking to go long on EBAY on the hourly with the next 50 MA test
Solid uptrend going with previous test of bounce and rally
Looking to enter with 1 stop loss of 1 ATR
target price at 35$
will probably take another week or 2 to see if this trade can unfold
Bigger picture suggests we are close to significant demand. As we move to the lower time frame we can see supply above. Looking to use the supply to take us down to demand to ultimately get long. For now we will focus on this intra-day level. Look forward to another post of this chart soon.
Since 11 June 18 the EBAY priceline is moving within a falling wedge but now it is going to break the resistance of wedge and bulls are going to take charge soon.
RSI went to oversold zone for second time now it moving back
Candles are almost at the end of wedge but there is some more cushion for pirceline to move down till $28
The squeeze momentum has...