As an earlier chart of mine shows, eBay was due for a short-term correction, as it began to show signs that it would break down out of an ascending triangle last Thursday. However, it found support yesterday at 38.2% of its breakout since February 24th, and on heavy selling today is once again there. Low risk entry point here, as its sitting on lower trend line and nearby support line. See my previous charts for the weekly breakout perspective.
3.13.14 - 12:42pm EST
Davide
3.13.14 - 12:42pm EST
Davide
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.