EBAY earnings today at 4:15pmEBAY earnings is today at 4:15pm. Consensus is P/E = $.84, +32% and Revenue = $2.71B. This could go either way, but one thing I do remember is EBAY moves a lot after earnings. So I got 11/06 expiry strangle, splitting the equity allotment neutral 1:1 ratio. At 12:30pm it was at 53 so that was a good entry for equilibrium price and the theta isn't bad = total of .22. Good luck and happy trading friends...
EBAY trade ideas
Stocks to watch on Monday #1Hi folks!
Will, we finally break that resistance at 54.23, who knows?! I cant see the damn future but in case we do;
it will be a good sign to go long.
My first price target is between R2-Pivot Point and the 100% Fib retracement (59.96-60.94)
If we fail, strong support is at 47.68
Trade safe, and check my other ideas regarding Monday!
Our Stock of the Day / EBAYToday we have a long setup to share. Before starting, its important to say that this is long-term setups; this requires patience and the idea of waiting without observing. Let's go with the full explanation of this.
a) We will start with the weekly chart. Pay attention to 2 items - The price has broken a long term ascending channel - Currently, we have a clear corrective structure on the edge of the broken channel
b) On the 4hs chart, we will make the last arrangements of the setup
c) We are using Fibonacci extensions to define our target because we don't have any technical structures to use + we are at all times high
d) Using Elliott Wave Analysis, we can count 1 and 2 (our corrective structure composed by an ABC pattern), and we are expecting 3 to come
e) The main target is the 1.618 level of Fibonacci as the expected level for the 3rd wave
f) We will execute this trade using 1% of our capital. Entry Stop and Take profit are the ones shown on the chart. We will protect our entry on the first fibo extension (move stop loss to break-even)
g) We will cancel the setup if the price goes below C
h) Remember: Trade safe, protector your capital, and always understand what you are doing!
EBAY INC. Potential Trade OpportunitiesUpside:
Fractal Trendline Resistance ( Red )
Long opportunity if the price breaks the FRTL up.
The ultimate target of the trade is the potential Bearish Black Swan pattern.
If it rejects, a potential test of the fractal Trendline Support ( Blue )
Short opportunity if the price breaks the FSTL down.
Good Luck!