Today we will analyze the stock Ebay Inc. (EBAY) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Ebay Inc. (EBAY)
1- Last bullish trend was from 16.42 $ (6/23/2009) to 17.36 $ (6/29/2009) a 0.94 $ move 2- The current bearish trend started from 17.36 $ at 6/29/2009 and is currently trading at 16.34 $.
3- EBAY current support level is at 16.16 which is the 127.20 % fibonacci retracement of the last 0.94 $ move.
4- EBAY current resistance level is at 16.42 which is the 100.00 % fibonacci retracement of the last 0.94 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Ebay Inc. (EBAY) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.360 and 18.240, and is currently resisting at 17.228.
Ebay Inc. (EBAY) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 16.170 and 14.060 that was broken down at 18.000 transforming into a resistance line.
Ebay Inc. (EBAY) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Ebay Inc. (EBAY) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 16.42, 16.58, 16.73, 16.78, 16.85, 16.89, 16.97, 17.00, 17.14, 17.23, 17.36, 20.51.
Stock Support levels : 16.16,.

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