Tag: Ebay

EBAY Inc. Stock Code EBAY.NAS

Outlook
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.

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

EBAY Inc. Stock Code EBAY.NAS

Outlook
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

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