July 24, 2013

EBAY Near Buying zone

 
  • Ebay Daily chart moving towards the buying zone. Some more downside left for the stock. Look for a bottom formation between 49 and 50 to go long.
  • Price is below 50 Week SMA which is a concern for bulls. So price has to move back above this level soon to avoid a breakdown.
  • Price is testing weekly cloud. Sustaining above the cloud may lead to an up move. Weakness on trading below 49 levels.
  • EBAY SELLING ZONE
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