Stock Technical indicators to notice in Ebay Inc. (EBAY)
1- Last bearish trend was from 21.98 $ (8/9/2010) to 21.25 $ (8/11/2010) a 0.73 $ move 2- The current bullish trend started from 21.25 $ at 8/11/2010 and is currently trading at 24.03 $.
Ebay Inc. (EBAY) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 21.250 and 20.090, and is currently supporting at 22.217.
Ebay Inc. (EBAY) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 22.650 and 27.560 that was broken up at 20.940 transforming into a supporting line.
Ebay Inc. (EBAY) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Ebay Inc. (EBAY) was trading in a strong bullish wave, which is becoming weaker .
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 : .
Stock Support levels : 23.37, 22.97, 22.64, 22.31, 22.22, 21.25,.