Friday, September 27th, 2024
Market UpdatesUS stocks

eBay Inc. (EBAY US): A long position with an entry at 65.0

36
Views
Share on Facebook
Share on Twitter

eBay Inc. (EBAY US)

  • Current Price Movement: eBay shares have reached their highest point since January 2022. The surge in volume accompanying this move adds strength to the bullish sentiment.
  • Indicators:
    • MACD: Positive, supporting the idea that the stock has strong upward momentum.
    • RSI: Overbought, which may indicate some short-term pullback risk. However, strong volume and trend suggest continuation in the medium term.
  • Trading Strategy: A long position with an entry at 65.0, targeting 71.0, and setting a stop at 62.0 provides a balanced risk-reward outlook.Thank you

Related Posts

Market Updates

Joyson Electronics Expands Production Capacity to Meet Growing EV Demand
minichart
September 26, 2024

Date: 26 September 2024Broker: UOB Kay Hian (Hong Kong) Limited 1. Company Overview Joyson Electronics (stock code: 600699 CH) is a leading automotive safety and electronics manufacturer based in China. The company focuses on...

Market UpdatesSingapore SGX stocks

LHN Ltd – A Sustainable Growth Path
Minichart
September 6, 2024

LHN Ltd – A Sustainable Growth Path LHN Ltd (LHN SP) Recommendation: BUY Target Price: SGD 0.43 Current Price: SGD 0.34 Return Potential: 27% Investment Thesis: LHN Ltd, a Singapore-based real estate management services...

Market UpdatesSingapore SGX stocks

Singapore Airlines (SIA SP/SELL/S$6.12/Target: S$5.83)
minichart
September 17, 2024

Date of Report: September 17, 2024 Broker Name: UOB Kay Hian Overview of Singapore Airlines Singapore Airlines (SIA) is Singapore’s national carrier, known for its extensive global network, premium services, and frequent accolades as...