A price action above 8.50 supports a bullish trend direction.
Further bullish confirmation for a break above 9.00.
The target price is set at 9.50 (just above its 61.8% Fibonacci retracement level.
The stop-loss price is set at 8.00 (close to the level of the long-term resistance, now acting as support.
Close testing its 200-day simple moving average.
I went through a lot of charts this weekend. Most of them look choppy and ugly which is not surprising with this choppy market.
Picked this one which looks really healthy.
Just left the March-to-September downtrend, went above the strong level at 19.
Then made a healthy pull back, still hold arond the level. Yesterday - nice breakout.
MACD. RSI -...
$EB Eventbrite - Possible falling wedge breakout today after holding strong support just under $19 last week.
Great "re-opening play" in my opinion with a lot of pent-up demand for in-person events heading into the summer months.
Near term target: $26-$28 range by 2nd half of June
Note: This is NOT investment advice. Educational only.
Eventbrite's stock has been steadily gaining this past week. Been following this channel, and is about to hit the peak. RSI also indicates that it's close to being overbought. I would get in on this stock after the price drops again and RSI goes back to normal levels. I've also considered holding long as a COVID-reopening play, but the predictable movement makes...
Hello !
Key points :
Significant support zone : That zone has been significant since the stock market crash in March. It acted as resistance, aswell as a small consolidation area (02/06 - 03/06).
It is showing relative strength : Considering yesterday's correction of the overall market, the behavior of individual stocks tell us how strong they are.
Price...
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think the wave for people to ride for EventBrite is still continuing and it is about to hit the $11 price mark real soon. Indicators are pointing towards a buy, and the supply & demand curve will start being readjusted as...
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The CEO, Julia Hartz said :It is a fundamental need for humans to gather, as we have been doing for thousands of years, and we will be there to power that connection.”
She is right but the million dollar question on everyone's mind is WHEN will that be ? If post Covid-19 and people returning back to office still have to obey social...
I have some shares. I don't SPECIFICALLY want to sell at $25. I wouldn't want to. I MIGHT buy to close this one if EB really starts ripping hard. Otherwise, I'll just wait it out and see if this closes.
Eventbrite do interesting thing they sell part of shares to liquide their finance problem so i think its just best time for investing. I purchase to first strong level 19.8.
