EBAY trade ideas
Bull FlagI see a flag waving
Earnings in October
The digital economy and online marketplaces have certainly benefitted from Covid. It is like 2 groups of stocks out there right now. Good companies who do not benefit and good (and not so good) companies that do benefit. Ebay is one of the better considering the choices we have been given as of late
It makes for a difficult trading environment because news of a vaccine can make the old stocks that have been left in the dirt go up, and send some of the benefitters down quite a bit. Etsy comes to mind.
Ebay was in a rising wedge, a narrow one but definitely a narrowing rising wedge. This stock broke up and out of the wedge. Who knows if she will pull back to break the bottom trendline of the rising wedge? Has had quite a run. EBAY would have to dip down to 50ish to pierce that trendline
Not a recommendation/Just an observation
ebay inc daily analysisHi friends
the daily chart of this market shows that it will experience an uptrend but before entering as much as a buyer it is necessary to break the level of 59.27
also it is better to be vigilant of the change of this market towards the opposite direction
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eBay has some great fundamental and technical reasons to go longFundamental Analysis:
Forward P/E 14.43 (Very bullish)
P/E 25.23
P/B 19.41 (High right now)
Debt/Eq 4.13
EPS this year +0.5%
EPS next year 8.25%
Sales Q/Q -1.6%
EPS Q/Q +12.70%
Please keep in mind earnings were just announced and analysts essentially nailed their projections right on the money.
Some things I really like here is that even with declining sales (keep in mind COVID was not aiding this Consumer Cyclical Internet Retailer)
ROA +24%
ROE +151.4%
Gross Margin +76.9%
Profit Margin +44.4%
-10.69% away from 52W High
Great price target is $57
eBay may collapse in the next days The butterfly can tell us that the end of the uptrend is done with success and now there is a huge probability that the market will go down for an important while
Long EBAYThe upcoming ER could generate bullish run on EBAY.
See if it consolidates here in the stop zone and break out.
Factors as illustrated and should be adjusted once the trade is active.
Ebay Bull Pennant Working on breakoutWatch Ebay for a breakout with an entry on a quick pull back retest or above the hammer of 4 days ago.
EBAY SELLThe long-term outlook is down.
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EBAY EARNINGS ARE NOW ON 7/28EBAY WAS SCHEDULED TO REPORT EARNINGS THIS WEEK A NEW DATE WAS PUBLISHED TODAY THE DATE IS NOW July 28th.
EBAY now expects second-quarter revenue to be between $2.75 billion and $2.80 billion, compared with earlier estimate of $2.38 billion to $2.48 billion.
EBAY EARNINGS ON TUESDAY LONGEbay has earnings on Tuesday 7/14/2020, if you take a look a the chart, ebay has been on an incline this past quarter.
eBay (Coming to wave 3)I believe that we have 1 more green day before eBay starts to begin its downtrend to wave 4.
eBay Inc (EBAY - NASDAQ) - Bulls on fireeBay Inc (EBAY - NASDAQ) is in solid impulse within 4 hr time frame, where 5th wave is in progress. In 30 min time frame, it is in 3rd subwave, where internal 3rd wave is about to end soon. Thereafter 4th internal wave will correct it down, which is good buying opportunity. Again it go up to complete the 3rd subwave of 5th wave up. Stay bullish when three wave correction occur for new high as target.
eBay - Shooting Star Signal - SELL !The Shooting Star Signal along with selling volumes implies a price reversal.
The fact that this formation is on weekly basis, makes it even more likely.
EBAY INCNASDAQ:EBAY
As with the NTFLX, EBAY grew after the SPY.
What's on the chart:
1. We have a strong resistance level 50
2. The level is reinforced with a round number.
3. The naked eye can see that the short player entered the fight on June 4 and has been holding the level ever since.
4. On June 23 there was a level retest, but could not take it.
5. We rolled back down, but went up again to the close retest.
6. If the market goes up today, maybe the level 50 will be taken.
There are two ways to trade:
1. Aggressive scenario:
Entering the break-down by placing a Buy Stop before opening.
2. S afe Scenario:
Entering the longitude only after the first false breakout. Wait for the price to go back to the level and only then place the Buy Stop. SL order to place for the first break-down bar.
$EBAY$EBAY
To remain bullish, we would like to see $Ebay hold a daily candle over $49
Over the weekend news came out with the following headline:
"eBay sellers told Martin Luther King memorabilia is 'offensive' after new policy is introduced
The auction site wiped thousands of 'inoffensive' items overnight after banning items that further racial stereotypes"
Articles were published today so it will be interesting to see how Wall Street reacts Monday morning.
Ebay is also one of those companies that has moved on towards all time highs. Possibly because people have nothing to do right now other than sit at home and buy and sell their own goods?
If $49 does not hold and the markets continue to drop, support looks like it can be found around $43.
EBAY Bad tryMade a stop below daily low and not at support. Missed the trade, but, still had 1:3+ profit.
Tha's how i Played it, What would be the best re-entry?Where would you get in again or where would you start shorting?
