Since the end of March 2020, eBay's stock price has risen 146%. Due to the unfortunate COVID-19 situation, many people have been forced to turn to reliable online sources to buy goods, and the e-commerce marketplace eBay has received a huge boost from this wave of traffic. Revenue growth accelerated from a 2% year-over-year decline in the first quarter of 2020 to 42% in the first quarter of 2021.
Our Analysis:
As long as the price is above 69.10, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 72.84
- Take profit 1: 80.30
- Take Profit 2: 83.10
Alternative scenario:
If the 69.10 level is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 69.10
- Take profit 1: 64.50
- Take Profit 2: 61.80
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