Auction This
eBay has pattern, price, and time lining up for a potential
reversal in price.
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EBAY |
Quote |
Chart |
News |
PowerRating) is facing a key price support decision from 50.16-53.45,
while time analysis is pointing to a potential low on April 5 (+/- one day). I
also have a two-step corrective pattern in the making from the March 11 high. I
obviously will want to wait for a trigger before I consider a long. If/when I do
enter this trade, my stop will be below our price support cluster at $50.16. On
the flipside, if EBAY trades down through this key price support zone, my vote
is for new lows.
