Annual Trading Forecast on Ebay (2016)

Share On Facebook

Ebay stock (NASDAQ:EBAY) is currently consolidating seriously. The consolidation has been ongoing for several months, forming a strong base, which is an interesting thing for professional speculators.

The long-term base means a breakout is imminent, which would most probably favor the bulls. The Williams’ % Range period 20 is a kind of heading upwards while the price is not too far from the EMA 21. In fact, the price is now attempting to cross the EMA 21 to the upside.

When a bullish movement begins on Ebay, the supply levels at 40.00, 45.00 and 50.00 would be attained within the next several months.

This forecast is ended by the quote below:

“Downward stock market swings are inevitable. The better-prepared you are to deal with them, the better your portfolio will endure them. You may have already learned some of these lessons the hard way, but if not, take the time to learn from others’ mistakes before they become yours.” – Stephanie Powers

What Super Traders Don’t Want You To Know: Super Traders

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200222 20:21:35