Saturday, July 19, 2008

EBAY Update for 07.19.2008

eBAY INC. - EBAY

Monthly chart shows continued weakness and selling. Price is below all key moving averages on this timeframe, and is in danger of breaking the key LIS of $22.83. No buy signal/pattern evident on this timeframe.

Weekly chart shows the increased selling pressure this past week. Price closed below the small key LIS of $25.10.

Daily chart shows a kicker signal candle pattern in place, as unhappy investors/traders gapped down the open on Thursday's trading session, in their haste to unload their positions. Price remains well below the 8ema on this timeframe at this time. No buy signal/pattern evident on this timeframe.

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