eBay Inc. Trading Analysis (22/07/2024)
The trend is ascending. The stock trades in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
- Stop-loss under the local minimum of the descending structure at 53.47.
- Target price levels at 54.46 and 55.60.
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