Trading news

Ebay – where is the support?

Weekly chart:



After the last high at $ 29.69, the price is transitioning into a correction. In the process, it has arrived in the correction zone of this valid uptrend. This correction still has space until $ 23.62. Only with a closing price beneath this green correction zone would the uptrend break.


Chart1


Daily chart:



The current uptrend installed itself after the break of the last point three at $ 27.72, and this uptrend is depicting the correction from the weekly chart. After the last temporary low at $ 27.25, the price went to the edge of the red correction zone in order to start the next movement from there. If the last low point is broken, then this trend should advance quickly.


Chart2


Hourly chart:



In the wake of the daily chart we can see a downtrend in this trend size, too. Its last correction runs between $ 27.88 and $ 28.78. It is from out of this zone that the current movement started; this movement also stands before the last point two at $ 27.25. With this, a nice trading chance is made available here with a stop above the red correction zone. Possible targets are located in the area from $ 26 to $ 23.


Chart3


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!



All the best



Markus Gabel



Head of Sales/Trading



AgenaTrader/TradeEscort


AgenaTrader Trading Software


IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Tuesday, 29 Dec, 2015 / 10:19

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.tradeescort.com

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