Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Monday, March 14, 2011
EBAY eBay Weekly Chart Overbot Negative Divergence
eBay weekly chart shows the negative divergence smack down. Lower trend line is broken now as well. Price has fallen thru the 20 MA. 28 is an initial price target while chart moves sideways to sideways down in the weeks and months ahead. Watch for the formation of a right shoulder for an H&S pattern. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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