Annual Forecast on Ebay (2017)

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Ebay shares (NASDAQ:EBAY) have been trending upwards since the last several months. The market is in a clear uptrend and this is what is supposed to happen most of this year.

 

4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the 4 EMAs are sloping upwards, suggesting a nice uptrend. Price may pull back temporarily into EMAs 10 or 20, even 50 (along the way). But such pullbacks would only result in a nice buying opportunities.

This year, Ebay may test the resistance lines at 40.00, 50.00 and 60.00.

 

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