EBA trade ideas
EBAY moving closer to new all-time highsEbay traded higher on strong volume, to move higher from a 2 month consolidation.
While not a growth stock, COVID has pushed the online platform Ebay to surprise analysts with 27% sales growth YoY,
while also being a highly profitable company.
Ebay trades at:
3.9x EV/Sales NTM
27% Sales growth YoY LTM (Rising)
Gross Margin 77%
Sales estimate falling
EPS est 3.41
EPS estimate rising
$Ebay ULtimate Chart Ebay, looking like a nice long after an amazing impulsive move that we caught! will be following a nice wave 5 structure that seems to be having no end to it but it is reaching its limit pretty soon. i would wait for that wave 4 drop unless you want to short if u would like to do so, either way this one looks amazing still!
EBAYLONG-TERM: Attempting to break a major resistance with hidden bullish divergence developing on the 4hr and daily. (Not financial advice, and $54.29 is another big resistance)
Ebay ShorteBay has been showing signs of weakness as it struggles to pass the historical 54 resistance level. If it keeps this reluctant behavior, I am afraid we are going to have no choice but to short.
$EBAY Bull Flag Set-upFollowing some other traders, I'm taking this Ebay set-up. This is what I see.
Weekly Hidden Bullish Divergence Breakout. 62% pump possible.Ebay is looking like it wants to begin a new wave of upside with it's measured move taking us to the 2.618 Fib extension..
$EBAY | Bull Flag Breakout [Update] $EBAY broke out of the bullish flag. This should continue higher. Look for long entries.
High Risk High Reward EBAYPossible 1,2 set up i am still bullish on Ebay min target is 52 looks to also being a double bottom only reason why i see this popping last time AMZN ran ebay bounced off support and ran a bit, although it wasn't a huge move , the contracts are cheaper and any sudden movement most of the contracts move nicely :), no ultimate since it hasn't decided if this is a true double bottom or not, waiting on confirmation but overall target 52
EBAY bounce to upper trendlineEBAY still seems to have a ways to go in its wedge, but a bounce, possibly to the upper trendline, seems extremely likely, as a break below would make it quite bearish. This can be a good entry with a SL once again below the blue trendline, but time is needed on this one as NASDAQ:EBAY is not only a slow mover, but we are in a period of very low volume. The first major target will be placed at 51.95. TTM Squeeze is also working in our favor as the bearish momentum, which was really heavy, is finally coming to an end.
EBAY Long hold for a break out2 to 3 months DTE, EBAY will be back at ATH, sizing as swing trade 1/5 at a time
EBAYEbay's market capitalization lags far behind e-commerce players Etsy (ETSY), Wayfair (W) and CHEWY (CHWY), which are much smaller in size with less transaction volume than ebay. I think ebay is underrated.
Recently, eBay began to provide authentication services for watches and sneakers, and also entered the refurbished goods market, which in my opinion is an effective measure to protect and expand its market share in the online market, which should affect the company's revenues in the near future. Along with this, a flag figure and a strong support level were formed.
Ebay - from March to the present added + 91%, Etsy (ETSY) + 569%, Wayfair (W) + 1549%, CHEWY (CHWY) + 379%
Ebay has a stable income of over $ 2 billion from year to year. At the same time, Etsy hardly made a profit, Wayfair, CHREY bring losses.
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Great setupVery big fan of this b/o gap fill, now backtesting top of backfill with double daily lower wick tweezers.
EBAY - could be breakoutWe rode EBAY on this move that looks like a potential breakout.
Could be a nice run, or it could fizzle here, I am leaning bullish.
Drew some of the important trend lines here.
Remember, better to trade the chart, not the company!
$ebay filled the gap. In 52.5 C Jan 22nd this morningwith today's push, filled the gap. Close above 53.47 should take this to 56.34
EBAY analysisOverall, $EBAY is bullish.
- Rejecting the .618 fib
- Oversold in the MFI
Trapped in a channel
For day traders, buy now and TP at $51.40-$52 (Double Top formation)
For swing traders, buy now and hold through the "double top" sell off that might happen
OR wait for price to come down to $46.50 which is our BEST buying area
I think that since we are so low in the channel, buying in this area is good.
