Tuesday, January 27, 2015

Annual Trading Forecast on Ebay (2015)

The price movement on Yahoo! is nearly similar to the price movement on Ebay (NASDAQ:EBAY). The price of the shares was bullish for the most part of the year 2014 and it consolidated around the end of that year. In January 2015, there was a transient plunge in the market, which was ended abruptly as the bulls continue to hold on to their determination.

Since the bulls continue to defend their determination to push the price upwards, the price has gone above the EMA 21, while the Williams’ Percentage Range period 21 is around the overbought region. This shows an ongoing stamina in the market. Generally, the market can move upwards by over 1000 points this year, reaching the distribution territory at 60.00 (the price may even breach the distribution territory to the upside).

This forecast is ended by the quote below:

“Trading is a business and you have to invest much time to become a good trader. If you are not ready to do so, you have to trust your money to someone who is already successful.” – Julian Komar

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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