eBay Inc.
Long

Ebay - At buy zone

968
Ebay has been trading in a wide rectangle for almost a year. The 50 dollar level is very significant as outlined, the stock always finding buyers there.

The MACD lines looked really messy, without any pattern, or at least i couldn't figure it out. No pattern in volume either for my eyes (rookie eyes!!!). Therefore, I plotted only the MACD histogram which looks really nice, with many bullish divergences when the stock was at the buy zone.

At the present time, a bullish divergence is taking shape. A reverseal candle (like in the past) would be the next signal. A move up after that candle would be the kick off of a rally.

A strong close below this buy zone would close this trade and would make me aware of the short side.

Clause de non-responsabilité

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