Ebay
shares (NASDAQ:EBAY) are in a very strong uptrend. Since price reached a recent
low in December 2018, it has assumed a very strong bullish movement.
The
bullish movement is so forceful that the 4 EMAs used for this analysis support
the current trend in the market. They are EMAs 10, 20, 50 and 200. The color that
stands for each EMA is shown at the top left part of the chart.
The EMA 10
and 20 are already sloping upwards as price is moving above them. The market is
in the region above the EMA 50, and the EMA 200 is about crossing the EMA 50 to
the upside. It’s almost 100% certain this will happen and will result in a
Golden Cross, which would usher in an era of continual green signals in the
market.
The
outlook on EBAY is very bright for this year and additional massive gains can
no longer be a curiosity.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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