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
Traders’ Mindset: Traders' Mindset
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