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Trading idea for today: eBay Inc. (NASDAQ)

30.09.2021

Market Review

#EBAY

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated descending pattern.

Stop Loss under the local minimum of the descending pattern.

Target level: 77.50

Author: GC
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