RISING WEDGE OF EBAY
- EBAY has hit a resistance line of its rising wedge in weekly chart.
- If price starts to comedown from here it may come down till the support line of the rising wedge shown in first chart.
- Daily chart looks strong with price trading above 20 and 50 day moving averages.
- 20 dma has given a bullish cross above 50 dma.
- Price sustaining above 31.64 will favor bulls of EBAY.
- If price falls below 31.64 the rising wedge in weekly chart will play out.
- SPY TECHNICAL ANALYSIS
No comments:
Post a Comment