Stock Technical indicators to notice in EBAY (EBAY.SW)
1- Last bullish trend was from 14.15 $ (11/13/2008) to 15.05 $ (11/14/2008) a 0.90 $ move 2- The current bearish trend started from 15.05 $ at 11/14/2008 and is currently trading at 14.30 $.
4- EBAY.SW current resistance level is at 14.49 which is the 61.80 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
EBAY (EBAY.SW) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 14.150 and 16.300,resistance between 15.050 and 17.000 which was broken up at 14.450.
EBAY (EBAY.SW) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 17.800 and 20.600, and is currently resisting at 15.400.
EBAY (EBAY.SW) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 17.800 and 20.600, and is currently resisting at 15.400.
Stock Trading Conclusion:
EBAY (EBAY.SW) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 14.48, 14.49, 14.59, 14.60, 14.68, 14.71, 14.76, 14.84, 15.05, 15.40,.
Stock Support levels : 14.15, 13.91, 13.59,.
