EBAY - 22.14% Potential Profit - Corridor Breakout

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Corridor Breakout out of a 1-month price correction.

Target price set at resistance line bounce.

- Strong Uptrend
- RSI and STOCH well above 50
- MACD well above Signal

Suggested Entry $57.91
Suggested Stop Loss $56.88
Target price $70.80

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Note
Updated:

Suggested Entry $58.06 (Limit)
Suggested Stop Loss $56.88
Target price $70.80
Note
I haven't entered yet. I'm not a big fan of the price action in the past few days.
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Chart PatternsdaytradesetupEBAYebaylongTechnical IndicatorsswingtradeswingtradingtradesetuptradesetupstradingsetupTrend Analysis

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