August 20, 2012

EBAY Chart Analysis

  • First chart shows EBAY Weekly chart hitting a possible resistance line
  • 2nd chart shows negative divergence with weekly rsi and price. Negative divergence in higher time frames take time to show its effect so one must be careful going against the trend.
  • 3rd chart shows daily chart breaking out of a range. So for weakness price must trade below 46.15 and 20 Day SMA.

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