Technical Analysis (TA) & Price Action
eBay (EBAY) is trading within a strong ascending channel, approaching key resistance near $71.40. The stock has consistently printed higher highs and higher lows, maintaining its bullish structure.
Key observations:
* Trend Structure: EBAY is in a well-defined uptrend, respecting the channel’s support.
* Support & Resistance:
* Major Resistance: $72.50 (CALL Wall) → Breakout level.
* Key Support: $70, followed by $69 (Gamma Wall).
* Stronger Support Zones: $67.52 (Critical PUT Support).
* MACD Indicator: Bullish, signaling continued strength.
* Stoch RSI: Extremely overbought (97.74), suggesting a potential short-term pullback before continuation.
Options Flow & GEX Analysis
The GEX (Gamma Exposure) indicator signals high positive gamma above $70, which could fuel a breakout if sustained. However, downside risk is limited as PUT support is concentrated near $65.
* IVR (Implied Volatility Rank): 80.1, with IVx avg at 49.2%, indicating heightened volatility.
* Call Side Bias: 10.9% of total options flow, suggesting a moderate bullish tilt.
* Key GEX Levels:
* CALL Resistance / Gamma Wall: $72.50 → Break and hold could send EBAY toward $75.
* PUT Support Zone: $65 → Breaking below would invalidate the bullish trend.
Trade Plan & Suggestions
📌 Bullish Trade Setup (Preferred Play)
* Entry: Above $70.50 with volume confirmation.
* Target 1: $72.50
* Target 2: $75 (Major resistance).
* Stop-loss: Below $69
📌 Bearish Alternative (Hedge Play)
* Entry: Below $69 with selling pressure.
* Target: $67.50 → $65
* Stop-loss: Above $71
Final Thoughts
EBAY is trading at a key inflection point. If it can break and hold above $72.50, we could see a gamma squeeze toward $75. However, given its overbought Stoch RSI, a small pullback before continuation would be ideal. Options data supports bullish bias, but traders should watch volume for confirmation.
📢 Risk Management: Manage position size carefully, especially with increased volatility.
🔹 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk accordingly before trading.
eBay (EBAY) is trading within a strong ascending channel, approaching key resistance near $71.40. The stock has consistently printed higher highs and higher lows, maintaining its bullish structure.
Key observations:
* Trend Structure: EBAY is in a well-defined uptrend, respecting the channel’s support.
* Support & Resistance:
* Major Resistance: $72.50 (CALL Wall) → Breakout level.
* Key Support: $70, followed by $69 (Gamma Wall).
* Stronger Support Zones: $67.52 (Critical PUT Support).
* MACD Indicator: Bullish, signaling continued strength.
* Stoch RSI: Extremely overbought (97.74), suggesting a potential short-term pullback before continuation.
Options Flow & GEX Analysis
The GEX (Gamma Exposure) indicator signals high positive gamma above $70, which could fuel a breakout if sustained. However, downside risk is limited as PUT support is concentrated near $65.
* IVR (Implied Volatility Rank): 80.1, with IVx avg at 49.2%, indicating heightened volatility.
* Call Side Bias: 10.9% of total options flow, suggesting a moderate bullish tilt.
* Key GEX Levels:
* CALL Resistance / Gamma Wall: $72.50 → Break and hold could send EBAY toward $75.
* PUT Support Zone: $65 → Breaking below would invalidate the bullish trend.
Trade Plan & Suggestions
📌 Bullish Trade Setup (Preferred Play)
* Entry: Above $70.50 with volume confirmation.
* Target 1: $72.50
* Target 2: $75 (Major resistance).
* Stop-loss: Below $69
📌 Bearish Alternative (Hedge Play)
* Entry: Below $69 with selling pressure.
* Target: $67.50 → $65
* Stop-loss: Above $71
Final Thoughts
EBAY is trading at a key inflection point. If it can break and hold above $72.50, we could see a gamma squeeze toward $75. However, given its overbought Stoch RSI, a small pullback before continuation would be ideal. Options data supports bullish bias, but traders should watch volume for confirmation.
📢 Risk Management: Manage position size carefully, especially with increased volatility.
🔹 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk accordingly before trading.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.