Ebay stock (NASDAQ:EBAY) is currently consolidating
seriously. The consolidation has been ongoing for several months, forming a
strong base, which is an interesting thing for professional speculators.
The long-term base means a breakout is imminent, which would
most probably favor the bulls. The Williams’ % Range period 20 is a kind of
heading upwards while the price is not too far from the EMA 21. In fact, the
price is now attempting to cross the EMA 21 to the upside.
When a bullish movement begins on Ebay, the supply levels at
40.00, 45.00 and 50.00 would be attained within the next several months.
This forecast is ended by the quote below:
“Downward stock market swings are inevitable. The
better-prepared you are to deal with them, the better your portfolio will
endure them. You may have already learned some of these lessons the hard way,
but if not, take the time to learn from others' mistakes before they become
yours.” - Stephanie Powers
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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