EBAY heads up into $66: first of 3 targets for swing trade
Updated
Followup to Idea calling for $ 50-66 swing (click).
EBAY is pushing towards our 1st major target.
Above are 2 overshoot targets in case of break.
This is a good spot to start booking some profits.
Chart is 3-day tf, so it will move in a couple days.
$ 65.91 - 66.16 is the near term resistance zone.
$ 67.25 - 69.87 might serve as overshoot targets.
Previous plot:
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EBAY is pushing towards our 1st major target.
Above are 2 overshoot targets in case of break.
This is a good spot to start booking some profits.
Chart is 3-day tf, so it will move in a couple days.
$ 65.91 - 66.16 is the near term resistance zone.
$ 67.25 - 69.87 might serve as overshoot targets.
Previous plot:
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Note
Zoom IN (m1)
Subsequent bear Pings were likely to start a pullback.
First possible support is at $64.71, a minor but key fib.
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Trade active
Followup to last snap above:
First support HELD
And that was on a down day for the market.
So this has strength, likely we go higher.
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Note
BOOM (followup to last snapshot above)
Strong bounce as expected in last update.
We have chewed thru the key resistance.
.
Looking above:
$67.37 is our next target to look for.
$65.91 below a good place for SL now.
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