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Tuesday 16 March 2010

ebay: The resistances break involves a technical situation enhancement

Ebay has showed a perfect equilibrium for the past seven months, which has led it to design a perfect rectangular shape, a very tipical pattern that happens when there is a balance between bullish and bearish expectancies. Nevertheless, in March, the bullish strengths have overpowered in the short term scenario. Consequently, the new technical situation seems to be more appropriate for long positions. In any case, the rise has been extremely vertical. Because of that, some correction could appear in the next sessions.

The recommendation is to take advantage of a potential decline to buy stocks of "Ebay". Stop loss on the level of 23 dollars.
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2 comments:

  1. Anonymous16 March 2010 at 21:02

    Me gusta tu página ... con ella por lo menos entiendo mejor los mercados que hace unos días ... espero que la gente se anime a mandar sus comentarios, sugerencias y necesidades.

    Sigue así que me resulta muy útil tu página.

    Gracias.

    ReplyDelete
  2. Anonymous16 March 2010 at 21:14

    I agree that this break implies a more positive scenario for a bullish strategy. However the low volume can diminish its upwards potential.

    ReplyDelete

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