EBAY Breaks Its Trendline
On May 20th I explained why I felt EBAY will move lower. It appears that this move is beginning to take place as EBAY is moving below its trendline.
Tuesday, June 05, 2007
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2 comments:
Kevin,
Ebay is riding right on the 200 day sma and about 2.5 points below the 50 day. It looks like it is trying to test the 200. If it breaches the 200 would that signal a stronger sell instead of now. I am just thinking that about here it might make a technical bounce off of the 200 before heading lower base on your trendline.
Amzn and Ebay - wow, what a divergence. And I thought Ebay had the better business model. Boy, was I wrong on that one . . .
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