These 3 Steps Boost This Chart PatternThe rocket booster strategy has
a boost to it.And you need to know
this boost because it will help you
On your trading journey.Now if you
have played the cashflow board game
by the richdad company
Founded by Robert & Kim Kiyosaki
You will see that the best stocks
to buy are around $1 to $5
I want you to think of those
prices as margin leverage
meaning if you want to trade with
leverage do not use above x5
ideally do not use margin.
that is x1
Also you need to take profit
do not hold unless you
are investing then you
need to study the financial
statements
performance for the past 5 years.
and to do that you have to
pay for monthly service
for accurate data.
This article is about swing trading
with the aim to take profit.
So what is the rocket booster
strategy?
1.The price should be above the 50 EMA
2.The price should be above the 200 EMA
3.The price should gap up
That last step is very important because
you are buying the stock price
after a market crash.
So what is the boost to
to the rocket booster strategy
on this chart NASDAQ:EBAY ?
Is it the "spinning white top"
candle stick pattern.
Learn more about candlestick chart
patterns techniques by Steve Nissen
to boost this strategy
Rocket boost this content
to learn more.
Disclaimer:
Trading is risky please learn risk management
and profit-taking strategies
Because you will lose money wether you like it
or not
Also feel free to
use a simulation trading account
before you trade with real money.
EBAY
Break and retest on EBAY! Big move incoming?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Ebay: Almost there!Ebay’s shares have made impressive strides since our last update, hitting a new local high not seen in over two years. We anticipate further upside potential as wave (5) in magenta continues and expect it to arrive in our green Target Zone between $63.90 and $71.50. Once this peak has been reached, we expect a strong sell-off. Thus, our Target Zone presents an opportunity to realize the profits of existing long positions. It also serves as a potential entry point for short trades, with a possible stop loss placed 1% above the Zone’s upper boundary.
EBAY Options Ahead of EarningsIf you haven`t bought EBAY before the breakout:
Now analyzing the options chain and the chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the 52usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $0.98.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
eBay: Knock... Knock...Ebay is trying to overcome the resistance line at $55.50. We expect it to succeed in doing so soon. We expect the high of the current wave b in beige and thus the end of the corrective rise well above this level. If, on the other hand, the stock now heads directly below the support at $46.03, we will have to assume that the wave alt. b in beige is already finished (probability: 37%).
EBAY is looking very nice for a swing call trade! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
eBay: Is the Big Turnaround Coming?
Looking at the eBay chart, we believe that Wave (1) and (2) were completed at $4.17, as well as Waves (3), (4) and (5). However, we've had some uncertainties regarding the positioning of Wave (3). Nonetheless, where we've positioned Waves (3) and (4) makes the most sense to us. Regardless, it could still be considered that Wave (5) and the overarching Wave I have truly peaked at $81.19. Zooming in on the 4-hour chart, it seems more like we are dealing with an extended Wave II rather than a different downward correction. Thus, we don't believe that $81.19 marks the position of Wave (3), as we're dealing with a 5-wave impulse downwards. This could indicate we're looking at a zigzag movement, broadly marked as (A), (B), then (C).
We believe we have already seen the subordinate Waves A and B, and now we should be developing a 5-wave impulse upwards to complete Wave C and the overarching Wave (B) between 61.8% and 78.6%. Afterward, we should see another significant drop. For eBay, we're operating on a higher timeframe, so this process will take longer. However, once we reach there, it will present excellent entry opportunities for us to build a long-term position.
EBAY Options Ahead of EarningsIf you haven`t bought EBAY in the Buy area:
nor sold before of the previous earnings:
Then analyzing the options chain and the chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the 47.5usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EBay Beats Earnings Estimates on Strong U.S. Holiday SpendingE-commerce behemoth eBay ( NASDAQ:EBAY ) has surpassed market expectations for quarterly revenue and profit, buoyed by robust U.S. holiday spending and the sustained strength of key focus categories.
The company's stellar performance was underscored by a revenue of $2.56 billion, surpassing analysts' estimates and reflecting a strategic emphasis on value-driven consumer segments such as refurbished goods and auto parts. Shares of eBay ( NASDAQ:EBAY ) surged approximately 7% in extended trading, signaling investor confidence in the platform's ability to capitalize on shifting consumer preferences and market dynamics.
According to eBay ( NASDAQ:EBAY ) CFO Stephen Priest, the uptick in business activity towards the end of November, particularly in the U.S., mirrored consumers' penchant for value-conscious purchases amid constrained holiday budgets. This trend underscores eBay's pivotal role as a marketplace that caters to a diverse array of buyers and sellers, facilitating transactions across borders and driving sustained growth.
The company's proactive measures to enhance shareholder value were further evident with the authorization of an additional $2 billion share repurchase program, reflecting management's confidence in eBay's long-term prospects and commitment to capital allocation strategies that maximize returns for investors.
Despite the upbeat results, eBay CEO Jamie Iannone acknowledged challenges in certain international markets, notably the UK and Germany, which experienced sluggish e-commerce growth. In response to evolving market conditions, eBay implemented cost-saving measures, including a workforce reduction of approximately 1,000 roles, signaling a proactive approach to streamline operations and mitigate risks associated with an uncertain economic landscape.
eBay ( NASDAQ:EBAY ) remains cautiously optimistic, forecasting revenue for the first quarter in the range of $2.50 billion to $2.54 billion, exceeding analysts' estimates. The company's projected adjusted earnings per share between $1.19 and $1.23 further underscore its confidence in delivering sustained profitability amidst market volatility.
Key industry metrics, such as gross merchandise volume, rose by 2% to $18.59 billion in the fourth quarter, highlighting eBay's resilience and ability to adapt to changing market dynamics while maintaining its position as a leading player in the global e-commerce landscape.
As eBay ( NASDAQ:EBAY ) navigates the complexities of a rapidly evolving market, its ability to leverage consumer trends, optimize operational efficiencies, and drive innovation will be pivotal in sustaining its growth trajectory and delivering value to shareholders in the long run.
In an era defined by economic uncertainty and shifting consumer behavior, eBay's impressive earnings performance serves as a beacon of stability and resilience, reaffirming its status as a cornerstone of the digital marketplace and a trusted destination for buyers and sellers worldwide.
Zalando, incomprehension for all investors exposed to EuropeZalando SE is a publicly traded German online retailer of shoes, fashion and beauty active across Europe. The company was founded in 2008 by David Schneider and Robert Gentz and has more than 51 million active users in 25 European markets.
- Revenue is meaningful (€10B)
- Earnings are forecast to grow by an average of 34.2% per year for the next 3 years
- Market cap is meaningful (€4B)
- Profit margins improved or ZAL became profitable
- ZAL does not have negative shareholders equity.
- The company is currently profitable
- Debt level is low and not considered a risk
I am taking a significant position in XETR:ZAL today. Across Germany, BENELUX, and Switzerland, consumers use Zalando to have their clothing delivered. I believe the results will be above expectations. Good luck to everyone.
Ebay: Brief touch 👉The price of eBay stock recently ventured into the green target zone (coordinates: $37.48 - $29.58) with a candlestick. However, the dip into the zone did not last long, as the stock immediately rebounded by 11%. Our primary scenario is for the price to drop back into the zone and anchor the low of the green wave (B) a little lower. However, it should be noted that the minimum requirement for a correction has already been met with the 90% retracement at $37.48, and a direct start would thus theoretically be possible. An imminent attack on the resistance at $45.54 would lead us to believe that we are already in the green wave alt.(2), which we consider to have a 40% probability.
EBAY Options Ahead of EarningsIf you haven`t sold EBAY before the previous earnings:
or here:
Then analyzing the options chain and the chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ebay is on sale 🛒Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EBAY has exhibited an overall bullish trend , trading above the orange and blue trendlines.
At present, EBAY is undergoing a correction phase and it is currently approaching a strong support zone 30 - 34
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue and orange trendlines acting as a non-horizontal support.
📚 As per my trading style:
As #EBAY approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Ebay Inc Down 5.03% Despite Market's Bullish TrendThe company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $2.5 billion, beating estimates by $140 million. In the same quarter a year ago, the company earned $1 per share on revenue of $2.4 billion.
The stock is down 5.03% to $38.01 after the report. Ebay Inc's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.
Ebay Inc has performed a little below average during the past few months. The firm was recently trading at a 52-week low of $37.93 on October 27, 2023 and set a 52-week high on February 2, 2023 at $52.23.
eBay operates one of the largest e-commerce marketplaces in the world, with $87 billion in 2021 gross merchandise volume, or GMV, rendering the firm the sixth- largest global e-commerce company. eBay generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 147 million buyers and roughly 20 million sellers across almost 190 global markets. eBay generates just north of 50% of its GMV in international markets, with a large presence in the U.K., Germany, and Australia.
Price Momentum
EBAY is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
Ebay: Tug of War 🪢The Ebay share is currently experiencing a tug of war between bears and bulls. In our primary scenario, the bears should prevail and push the price to the green target zone between $37.48 and $29.58 as part of the green wave . Having placed the low, the price can then rise above the resistance at $52.23.
Paypal - Going Long In a Bear Market?Paypal is an antiquated business model. The problem is, the Federal Reserve just launched FedNow, which is like a bank-to-bank Central Bank Digital Currency.
Most CBDCs will come in the future, and they will target retail/consumers, and Paypal will no longer be useful for transferring money.
In Canada, where I am, Paypal is already primarily worthless, because the company that handles debit card payments, Interac, set up, many, many years ago, a service that allows us to send money to each other from our banks via email.
Both people and businesses use it extensively. It's fast, easy, instant, and free, so why bother with Paypal?
CBDCs are a problem for humanity, because they are the collar, leash, and chains that enable Party West's implementation of their favourite role model, the Chinese Communist Party, who deployed full scale social credit under the guise of "Zero COVID."
The CCP and its 24-year persecution against the Falun Dafa spiritual believers launched by former Chairman Jiang Zemin on July 20, 1999, are something absolutely essential for mankind to reject, oppose, and eliminate.
They aren't things for you to rack your brains thinking about importing so that stimmies can be collected from a central authority.
If you want a future, we need to return to mankind's traditions, human, divinely imparted tradition and culture, and dispose of the garbage that is Marxism, atheism, the Theory of Evolution, and the doctrine of struggle.
The fact that Paypal is being replaced by CBDCs is awful evident on monthly candles, which give you absolutely no reason to believe there's going to be any kind of Meta/Tesla/NVDIA-style reversal of fortune.
But what's really notable about this stock, which I have criticized extensively on Twitter as not being a long, is the weekly bars, since April, actually indicate a long trade scalp is set up.
That scalp setup has not been present for even one second, until today's post market earnings dump back to $68.
The thesis is simple.
Since Paypal has filled ALL of the gap, and over a long period of time, it indicates for lower prices to come, some objectives over previous highs are most likely in order.
The most premium level for this to occur would be the January high at $88.
But a failure swing somewhere over $84 would also be a heck of a trade.
Where to long? Tomorrow's dump may be too early. The most perfect would be $65, under the flat bottom lows. But you may or may not get it.
The problem is, how long does it take Paypal to mark up into the $80s?
We don't have that much time to play with the JPM collar being long 4,200 SPX puts expiring September 29.
And the markets are looking like they intend perhaps one more upswing before doom, which I cover here:
SPX - The Sound of a Shattering Iceberg
In any event, markets correcting violently and VIX pushing highs hard may put a painful and abrupt end to rallies across all classes.
But it seems we may have a rally ahead.
And with all the factors combining, buying Paypal between Thursday and Friday in a price range between $68 and $65 is a trade.
If it doesn't go up, then the trade isn't confirmed. But you might have to wait at least a month to see if that comes true.
What you don't want to and can't see is the $58 low taken out.
When Paypal is done taking out short sellers who didn't take profit at $58 and want to ride to zero, I believe the next target is the $45 level.
And then this thing goes the way of Bed Bath and Beyond and Blockbuster.
Be careful. What lies ahead in the remainder of 2023 will be hard to navigate.
And 2024 might be an entirely unpleasant experience for all.
EBAY Options Ahead of EarningsIf you haven`t sold EBAY on active buyers decline:
or here:
Then analyzing the options chain and chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the $47.50 strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
✅ Daily Market Analysis - THURSDAY JULY 27, 2023Key News:
Eurozone - Deposit Facility Rate (Jul)
Eurozone - ECB Interest Rate Decision (Jul)
USA - Core Durable Goods Orders (MoM) (Jun);
USA - GDP (QoQ) (Q2;
USA - Initial Jobless Claims;
Eurozone - ECB Press Conference
USA - Pending Home Sales (MoM) (Jun)
On Wednesday evening, US stock futures exhibited a mixed trend following the Federal Reserve's decision to raise interest rates by 25 basis points, a move that was in line with market expectations. The major averages saw diverse trading patterns as investors closely monitored earnings reports from significant companies.
At 6:55 pm ET, Dow Jones Futures declined by 0.2%, indicating a slightly negative sentiment for the Dow Jones Industrial Average. Meanwhile, S&P 500 Futures remained unchanged, suggesting a relatively stable outlook for the broader market represented by the S&P 500 index. On the other hand, Nasdaq 100 Futures rose by 0.2%, indicating a positive bias for the technology-heavy Nasdaq Composite index.
The mixed trends in the futures market reflect the uncertainty and cautiousness among investors as they digest the impact of the Federal Reserve's interest rate hike and closely analyze corporate earnings reports. The Federal Reserve's decision to raise rates was widely anticipated, but the nuances in their accompanying statements and the economic outlook can still influence market sentiment.
NASDAQ indices daily chart
SPX indices daily chart
DJI indices daily chart
During extended trading, Meta Platforms Inc (NASDAQ: META) experienced a significant 7% surge in its stock price following the release of its second-quarter earnings report. The company's Q2 earnings per share (EPS) came in at $2.98, surpassing market expectations, which had anticipated earnings of $2.91 per share. Furthermore, Meta Platforms reported total revenues of $32 billion for the quarter, exceeding the projected revenue figure of $31.08 billion.
Investors responded positively to the strong financial performance of the company, driving its stock price higher in after-hours trading. The better-than-expected earnings and revenues indicated a robust performance during the quarter and suggested that Meta Platforms was outperforming market forecasts.
In addition to the impressive Q2 results, Meta Platforms Inc also provided optimistic guidance for the upcoming third quarter of 2023. The company forecasted revenues in the range of $32 billion to $34.5 billion for Q3, which surpassed the market's expected revenue of $31.2 billion. This positive outlook for the next quarter further contributed to the stock's increase in after-hours trading.
Overall, Meta Platforms Inc's strong Q2 financial results and optimistic guidance for Q3 have buoyed investor confidence in the company's performance and future prospects, leading to a notable increase in its stock price during extended trading.
Meta Platforms daily chart
After reporting its second-quarter earnings, eBay (NASDAQ: EBAY) faced a decline of 4.8% in its stock value. The company's Q2 earnings per share (EPS) were reported at $1.03, slightly higher than the market's expectations of $0.99 per share. However, the company's Q2 revenues came in at $2.5 billion, slightly below the anticipated revenue figure of $2.51 billion.
The stock price decline indicates that despite beating earnings estimates, investors may have been disappointed with eBay's revenue performance for the quarter. The revenue miss could have raised concerns about the company's ability to drive top-line growth in a competitive market.
Looking ahead to the next quarter, eBay provided a positive outlook for its financials. The company projected EPS in the range of $0.96 to $1.01, surpassing the market's expected EPS of $0.92. Additionally, eBay forecasted revenues in the range of $2.46 billion to $2.52 billion, significantly higher than the market's expected revenue of $2.23 billion.
The optimistic guidance for the next quarter suggests that eBay management expects improved financial performance in the coming months. This outlook might have provided some reassurance to investors, preventing a steeper decline in the stock price.
Overall, the mixed reaction to eBay's earnings report reflects the complex interplay of various factors in the stock market. While beating EPS estimates and providing a positive outlook for the next quarter could be seen as positive signs, the slight revenue miss in Q2 may have tempered investor enthusiasm and led to the stock price decline. As with all earnings reports, market participants closely assess the financial metrics and guidance to form their investment decisions, which can result in varied reactions to the same set of results.
eBay daily chart
The Federal Reserve has implemented a 25 basis points increase in interest rates, bringing the range to 5.25% to 5.50%. This move marks the highest interest rate level observed in 22 years and aligns with the Fed's ongoing tightening campaign.
In their statement, the Fed expressed a positive outlook for economic growth, acknowledging that economic activity has been expanding at a moderate pace. This represents a slight improvement compared to their previous description of growth as "modest." The focus on consumer prices remains a top priority for the Fed, as they emphasized that inflation continues to be elevated. Policymakers will closely monitor the risks associated with inflation, just as they have been doing in the previous months.
The decision to raise interest rates was widely anticipated by the market, as the Federal Reserve has been communicating its intention to address the inflation surge and gradually normalize interest rates in response to the economic recovery. By increasing interest rates, the Fed aims to curb inflationary pressures and maintain a balanced economic environment.
As the Fed continues to monitor economic developments and inflation data, future interest rate adjustments will likely be influenced by the pace of economic growth and the trajectory of inflation. The central bank will take a data-dependent approach to ensure that its monetary policy remains aligned with the evolving economic conditions.
US Dollar Currency Index
After the Federal Reserve's decision to raise interest rates, the US dollar experienced a decline against various currencies. This weakening of the dollar resulted in a notable increase in gold prices. As a safe-haven asset, gold tends to perform well during periods of uncertainty and when the value of the US dollar is under pressure.
Investors are now closely monitoring key resistance levels for gold. The $1,973 level is seen as a minor resistance, and if gold surpasses this level, it could signal further upward momentum. Above that, the $1,978 level becomes significant, and a break above it might lead to additional gains for gold.
The central bank's indication of a data-driven approach to future rate hikes means that the pace of rate increases will depend on the economic data and developments. This stance has been interpreted positively for gold as it implies that the Fed may be cautious in its tightening measures, which can weaken the US dollar and boost gold prices.
Gold's strength in pushing further into the high-$1,900 an ounce territory indicates that investors are turning to the precious metal as a hedge against inflation and currency devaluation. The lingering uncertainty in the financial markets and the ongoing focus on inflation by the Federal Reserve have contributed to gold's attractiveness as a safe-haven asset.
As global economic conditions and central bank policies continue to evolve, gold prices may remain sensitive to changes in the US dollar and market sentiment. Investors will closely follow economic data releases, monetary policy statements, and geopolitical developments to gauge the outlook for gold and make informed investment decisions.
XAU/USD daily chart
Despite showing some strength, gold remained stuck in a tight trading range for the past two weeks and struggled to break above the critical $2,000 an-ounce mark, which is often considered a significant level that could trigger further upward movement in the metal's price.
One exception to the overall trend in the currency market was the Australian dollar. It defied expectations and weakened after the release of data that indicated a slowdown in domestic inflation during the second quarter. The decrease in inflation reduced the pressure on the Reserve Bank of Australia (RBA) to implement further policy-tightening measures.
The data revealed that Australia's consumer price index (CPI) rose by 6% during the second quarter. This represented a deceleration from the 7% recorded in the first quarter and fell below the market's expectations of 6.2%. As a result, the Australian dollar depreciated to approximately $0.676 against the US dollar.
The lower-than-expected inflation figures indicate that price pressures in Australia are not rising as quickly as anticipated, giving the RBA room to maintain a wait-and-see approach on monetary policy. A weaker inflation outlook reduces the likelihood of interest rate hikes in the near term, which can weigh on the currency's value.
Overall, the tight trading range for gold and the Australian dollar's depreciation following the inflation data release reflect the cautious and uncertain market sentiment amid ongoing economic and monetary policy developments.
AUD/USD daily chart
This week, the market's attention is not only on the Federal Reserve's interest rate decision but also on upcoming rate decisions from the European Central Bank (ECB) and the Bank of Japan (BOJ). The ECB is widely expected to raise interest rates by 25 basis points, while the BOJ is likely to maintain its ultra-low rates and continue with its dovish policies. However, traders are cautiously watching for a potential hawkish surprise from the BOJ, given inflation trending above its target.
The possibility of rising interest rates is generally considered negative for metal markets, and it is anticipated to limit significant gains in gold throughout the year.
In Thursday's trading session, several important economic indicators will be closely monitored, including fresh core durable goods orders, GDP data, pending home sales, and jobless claims. These data points can offer valuable insights into the health and performance of the US economy.
Furthermore, earnings reports from major companies such as Mastercard Inc, McDonald’s Corporation, Intel Corporation, and Nestle SA ADR will be in focus. These earnings releases can have a substantial impact on the respective company's stock prices and may also influence broader market sentiment.
Overall, this week's events are likely to play a crucial role in shaping market sentiment and direction, with investors closely analyzing central bank decisions, economic data releases, and corporate earnings reports to make informed investment decisions.
The good the bad the Ugly....Trades for 6.23.23Maybe I am in patient, and even though this looks ugly I am going to post this.... I will post the individual charts for each stock. At the time I added the new stocks to this. EBAY was still being a turd and Bili was scared of its shadow. So if you take those out then we have TCOM and Love not done coming down when I got in....so Maybe give it till 11:30-12:30 EST on 6.23 for some of these. WM being a beast still from my previous trade. AWK started out semi strong then got weak as I was writing this.
Now on to what I do see....*sigh* In the market all travel has been setting up behind Airlines to pop the ribbon. The Ribbon is the ESVO, which is basically the physical representation of the river used for supply and demand. Not only travel, but Natural Disaster stocks are priming. If you have been following my trades. GNRC, AIG, WM, AWK these are all natural disaster stocks. Look at URI also a good one, HD also a beast, LOW.....duh. all popping the ribbon and finding support. Some of these on lower time frames are not there yet. But I like torturing myself.
Note to Bili and EBay I will cut you, like a Latin Kings Girlfriend in a club because you stepped on my shoes while I was waiting by the bar...... Just saying.
I will give these too monday if they arent acting right drop em.
iCantw84it
6.23.23
Is Paypal a Memestock?Mounting debt may be an issue, but there's no way NASDAQ:PYPL should look like this from a chart perspective.
While NASDAQ:NVDA became the 6th largest company in the world today, Paypal used to be a $400+ billion dollar enterprise, but it looks like junk now.
What gives? The company still throws off more than $30b in revenue a year, pricing it at only 2.5x sales???
A lot of worry has been put into NASDAQ:AAPL launching their new payments platform, but no actual product has hit the market yet. Until then, PayPal is still for sure the global leader and an undervalued player relative to its peers.
Maybe NASDAQ:EBAY will buy them back?