EBAY - Workin' hard to rally? Technicals sure point to a rally.
$EBAY has been getting beat up along with the rest of the market...but technicals tell us things might be looking up.
- If you look at the stoch, we just had a cross over - which signals an entry point.. but we need more confirmation.
- RSI is trending up. Good sign
- Waiting for MACD to cross the signal line, which will then confirm the pattern
* Overall, we can see from the Stoch, that EBAY tends to rally after a stint being oversold. This might prove to be a great entry. I'd suggest to wait it out until some of the Syria static works itself out.
Going to wait until the MACD crosses the signal line and will enter in with a call - probably November.
- If you look at the stoch, we just had a cross over - which signals an entry point.. but we need more confirmation.
- RSI is trending up. Good sign
- Waiting for MACD to cross the signal line, which will then confirm the pattern
* Overall, we can see from the Stoch, that EBAY tends to rally after a stint being oversold. This might prove to be a great entry. I'd suggest to wait it out until some of the Syria static works itself out.
Going to wait until the MACD crosses the signal line and will enter in with a call - probably November.