Dec. 11 at 10:54 PM
$EBAY Trade Alert:
Market Context:
$EBAY is currently trading at
$84.6, with an RSI of 73.67 indicating it is in overbought territory. The price is above the 30-day moving average (MA30) of
$82.87 but below the 50-day moving average (MA50) of
$87.05, suggesting mixed signals. The 60-day high of
$101.12 shows potential resistance, while the low of
$79.11 indicates support.
Directional Bias: Given the high RSI and proximity to the 60D high, a pullback is likely. However, if momentum continues, we can target higher levels.
Trade Plan:
- Suggested Entry:
$84.6
- Stop Loss:
$81.5 (3.7% below entry)
- Take Profit Targets:
1.
$88.00 (4.2% gain)
2.
$92.00 (8.6% gain)
3.
$99.00 (17% gain)
This plan offers a balanced risk-reward ratio, with the potential for significant returns if
$EBAY breaks through resistance levels.
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