NASDAQ:EBAY is breaking out and heading higher, targets are shown on the chart. I think this stock is cheap and deserves a considerably higher price. Stop around 44$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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Ebay broke out of a daily bull flag and looks ready for continuation higher.
Earnings report is today after market close so longs are risky.
Goodluck!
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EBAY 1-2 week horizon
Around a month ago, price action broke downward channel (blue) and creating a new bullish channel (green). We have support at 54.87 but MACD overall is bullish but lines are kissing pointing down and stochastics are not yet at oversold levels. There is a chance that 54.87 support will break and with this I am anticipating price to go down...
No rising wedges in the yearly chart..
Possible stop under right shoulder
RS 48.93 A closer place that may work is under 52.40 which makes the risk a bit lower
LS is 47.44
Head 45.36
This would be a relatively low risk trade in the schme of things if everything goes okay, just we never know..it has broken the neckline already..
Looking at risk/reward can help...
Ebay had an amzing run that we catch now i see a retest of the respected trendline before making a move higher after i been seeing retail going on run i see a pullback before making its move higher don't miss this one!
Looks like descending tops on longer time frame, if rejection of resistance trendline confirmed, I expect test of ~52.
Beyond, if 52 fails, I expect retest of support at ~46.66.
Otherwise, breakout PTs are 58, 59, 61
![EBAY: $EBAY | Daily Bull Flag Breakout [Earnings Today After Close!]](https://s3.tradingview.com/3/3dtbGnFP_mid.png "$EBAY | Daily Bull Flag Breakout [Earnings Today After Close!]")
