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Trade Setup EBAY Inc. On End of Correction

Interval: Daily


In November 2011 a new up trend started for eBay Inc. and it is still in place even after more than a year. The last down move is a corrective one. The price got back to the trend line and retested the 49.50 support. Now after a reversal the 53.70 local resistance is retested and if it will be taken down, the price will have an open road to the 57.32 high. If this will happen the probability, for this move to become an impulse of this trend, will be higher.  The target is at 161.8 expansion of the correction.

Confirmation Level: 53.92

Take Profit: 62.23

Stop Loss: 50.79

Trade Setup EBAY Inc. On End of Correction by