Hi guys:
Since 11 June 18 the EBAY priceline is moving within a falling wedge but now it is going to break the resistance of wedge and bulls are going to take charge soon.
RSI went to oversold zone for second time now it moving back
Candles are almost at the end of wedge but there is some more cushion for pirceline to move down till $28
The squeeze momentum has fluctuated for 3rd time which is indicating that bears are loosing charge and bulls will take over soon
Profit possibility: 15 to 40 percent (depends on entry point)
Entry point: $28 - $32
1st exit: $35
2nd exit: $38.4
3rd exit and target price: $40.5
Best of luck and regards,
Atif Akbar (Moon333)
Since 11 June 18 the EBAY priceline is moving within a falling wedge but now it is going to break the resistance of wedge and bulls are going to take charge soon.
RSI went to oversold zone for second time now it moving back
Candles are almost at the end of wedge but there is some more cushion for pirceline to move down till $28
The squeeze momentum has fluctuated for 3rd time which is indicating that bears are loosing charge and bulls will take over soon
Profit possibility: 15 to 40 percent (depends on entry point)
Entry point: $28 - $32
1st exit: $35
2nd exit: $38.4
3rd exit and target price: $40.5
Best of luck and regards,
Atif Akbar (Moon333)
Note
strong selling volume oscillator has been triggered which is reflected till 3day chart in 3day chart the oscillator value is 12.7 price action can move down or can be sidewaysTrade closed: target reached
By the grace of Allah the most high the target is achievedNote
By the grace of Allah the most high It has generated around 40 percent profit sofar I would suggest to close the trade
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Disclaimer
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.