CFD Trading – Sell EBAY Inc. (EBAY.NAS) @ $49.80. Stop @ $52.20 and Target @ $40.05

EBAY Inc. Stock Code EBAY.NAS

Price broke below the cloud on 16 September 2020 after moving above the cloud since 16 April 2020. The decline had started after price reached a high of $60.88 on the 13 July 2020. Conversion and Base lines had a bearish crossover starting the bearish trend before price broke below the cloud. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. Lagging Span is near to the lower edge of the cloud and a move below the cloud is likely if price has another down day. MACD is bearish with both of its lines far below the zero line. MACD is pointing down, which is a hint that price may be moving lower to the next support at $40.05

$49.80                Sell
$40.05                Price Target
$52.20                Risk Management Stop
3 weeks Trade Duration

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