Friday, September 27th, 2024
Market UpdatesUS stocks

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

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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

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