Ebay stock (NASDAQ:EBAY) is currently consolidating seriously. The consolidation has been ongoing for several months, forming a strong base, which is an interesting thing for professional speculators.
The long-term base means a breakout is imminent, which would most probably favor the bulls. The Williams’ % Range period 20 is a kind of heading upwards while the price is not too far from the EMA 21. In fact, the price is now attempting to cross the EMA 21 to the upside.
When a bullish movement begins on Ebay, the supply levels at 40.00, 45.00 and 50.00 would be attained within the next several months.
This forecast is ended by the quote below:
“Downward stock market swings are inevitable. The better-prepared you are to deal with them, the better your portfolio will endure them. You may have already learned some of these lessons the hard way, but if not, take the time to learn from others’ mistakes before they become yours.” – Stephanie Powers
What Super Traders Don’t Want You To Know: Super Traders
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