eBay Inc.: Murrey analysis

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eBay Inc.: Murrey analysis
Scenario
TimeframeWeekly
RecommendationBUY STOP
Entry Point65.65
Take Profit68.75
Stop Loss63.55
Key Levels57.81, 59.38, 62.50, 65.62, 68.75
Alternative scenario
RecommendationSELL STOP
Entry Point62.45
Take Profit59.38, 57.81
Stop Loss64.70
Key Levels57.81, 59.38, 62.50, 65.62, 68.75

Current trend

Shares of eBay Inc., an American online retail company, are growing within a medium-term upward trend. The quotes have left the main Murrey trading range and are moving in the upper reversal zone, periodically testing the 65.62 level (Murrey level [ 2/8]). After consolidation above, the price may reach 68.75 (Murrey level [7/8], W1). In case of a breakdown of the upper mark of the Murrey trading range 62.50 (Murrey level [8/8]), supported by the middle line of Bollinger Bands, a return of the quotes to the area of ​​59.38 (Murrey level [6/8]) and 57.81 (Murrey level [7/8]) is likely.

Technical indicators reflect the continuation of the upward trend: Bollinger Bands are directed upwards, and the MACD histogram is stable in the positive zone. Stochastic reversed downwards, allowing a limited decline.

Support and resistance

Resistance levels: 65.62, 68.75.

Support levels: 62.50, 59.38, 57.81.

eBay Inc.: Murrey analysis

Trading tips

Long positions may be opened above 65.62, with the target at 68.75 and stop loss 63.55. Implementation period: 5–7 days.

Short positions may be opened below 62.50, with the targets of 59.38, 57.81 and stop loss 64.70.


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