Friday, January 26, 2018

Annual Forecast for Ebay (2018)

Ebay stock (LSE) is in an uptrend, with a Bullish Confirmation Pattern in the market. There is still much room for the market to go northwards as we shall see.

Apart from the downwards movement that was seen in October and November 2017, the trend in the market has generally been bullish.

Price is above the EMA 21, and the Williams’ % Range period 20 is in the overbought region. That means the signal in the market is bullish.

The outlook on Ebay is bright for this year and price would go towards the resistance levels at 60.00, 70.00 and 80.00.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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