Upon request, revisiting eBay. The stock looks posed to resume its breakout. It tested its 20 SMA last week and quickly bounced higher, closing above its TL support.
Price has diverged from the Balance of Power (systematic selling/buying) over the last two weeks. Now approaching RSI support, after failing to break through a key resistance level in late February.
Will be watching TL and 20 SMA closely, which are both critical support levels.
Breakout still in affect. Added July calls last week. $53.5 Risk at 50SMA.
More details to come.
3.31.14 - 9:05AM EST
Price has diverged from the Balance of Power (systematic selling/buying) over the last two weeks. Now approaching RSI support, after failing to break through a key resistance level in late February.
Will be watching TL and 20 SMA closely, which are both critical support levels.
Breakout still in affect. Added July calls last week. $53.5 Risk at 50SMA.
More details to come.
3.31.14 - 9:05AM EST