Given support and resistance, and the expected market conditions for Monday morning; I would say at least .52 (target for the pattern is actually 38.21)....and if it breaks through and keeps going! All indications spells the following: Profitable Day-Trade
This is not trading advice.
Ebay breakout of a consolidation/ sideways pattern. There a good chances that the trend will continue to the upside. Wait for better entry for the pullback to the breakoutzone. Target 42-43$
4H CHART EXPLANATION:
If price breaks down the Support Zone of the range, it has potential to start a downside move towards the Support Zone at 31. A few days ago it started to show weakness on MACD, as we can observe the Bearish Divergence while the price tried to make higher highs.
We have had a short bias on this stock for some time despite a bounce since December lows. Momentum in that recovery has staled considerably and the activist stimulus has run its course. Ebay competes with possible the greatest company that exists today in the retail/tech world, AMAZON. We will remain short in EBAY and long in AMZN into earnings in what will be a...
Clear uptrend . most indicators corrected the upper trend and now ready to bounce back and start new trend while EBAY shares still near 36 resistances . Earning this week and can be good reason to drop to the main support 30-32 then can bounce back with new long trend targeting 42 at least .. its one of the best charts for 2019 but get long positions on the right...
Overall, eBay is in an uptrend. Price recently tapped resistance at $38.60 and has moved back to weekly support, albeit pretty hard. I’m confident support will hold based on eBays current trend as well as the bullish sentiment of the overall market...tight stops, please
Ebay was having a dreadful time until it was announced that activist investors had stepped in. It is thought there is much value to unlocked in the stock but we just cant see it. It is in the same marketplace as AMZN, whom can outspend EBAY at any moment the feel like EBAY is taking any market share.
I'm looking to go long on EBAY on the hourly with the next 50 MA test
Solid uptrend going with previous test of bounce and rally
Looking to enter with 1 stop loss of 1 ATR
target price at 35$
will probably take another week or 2 to see if this trade can unfold