Think eBay may pull back a little, has strong estimated earnings at $0.78. Will only take a short term position, as I shall not hold on earnings announcement.
The eBay stock may rally off its earnings report and retest the long term resistance of the range. I am currently not taking any further positions until I see further confirmation.
After my analysis on this stock, I believe we could well be heading up to the $48.75 mark (approx) to meet the
0.236 Fib level, and perhaps pivot from there to continue making lower lows, as demonstrated by the solid arrows. However should price take out the 0.236 fib, I believe we shall make our way up to the upper trend-line, as illustrated by the dashed arrow...
