CFD Trading – Buy EBAY Inc (EBAY.NAS) @ $54.80. Stop at $50.90 and Target at $60.90

EBAY Inc. Stock Code EBAY.NAS

Price tried to move above the cloud last Friday but was unable to move above the cloud, closing the day just below the upper edge of the cloud. However, price managed to move above a mini W-shaped price pattern, which could be the start of a breakout that lead price to $59.18. Conversion line and Base line had a bullish crossover, hinting of a bullish trend ahead. Lagging Span is above price of 26 days ago but is just below the lower edge of the cloud at the moment. MACD is bearish at the moment but is near to the zero line and could soon move above the zero line. There was a V-shaped Ichimoku price breakout which gives us a price projection target of $59.18. A bigger E price projection target gives us a price target of $61.22 which is also near to the 52-week high at $60.88.

$54.80                Buy
$60.90                Price Target
$50.90                Risk Management Stop
3 weeks              Trade Duration

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