Daily chart shows we have finally crossed above the 200sma. All moving average ribbons in proper order and moving up.
Strong weekly finish, having cleared prior LIS and s/r. Above the 34ema.
Move up started with piercing pattern reversal pattern and .707 fib level support. Price made a 3 wave pattern into .707 fib support. Cleared possible LIS and prior s/r at the $31 - 32 level. Keep in mind, month is only half over.
Friday, November 17, 2006
EBAY Analysis 11.18.2006
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