EBAY still seems to have a ways to go in its wedge, but a bounce, possibly to the upper trendline, seems extremely likely, as a break below would make it quite bearish. This can be a good entry with a SL once again below the blue trendline, but time is needed on this one as
EBAY
is not only a slow mover, but we are in a period of very low volume. The first major target will be placed at 51.95. TTM Squeeze is also working in our favor as the bearish momentum, which was really heavy, is finally coming to an end.
EBAY
is not only a slow mover, but we are in a period of very low volume. The first major target will be placed at 51.95. TTM Squeeze is also working in our favor as the bearish momentum, which was really heavy, is finally coming to an end.