As a result of the pandemic, retailers are closing their doors, and economic data show that half of them have enough money just to survive for 27 days, with no money coming in. In light of this situation, people everywhere are looking for ways to support business. Today eBay is launching an accelerated "Up&Running" program specifically designed to help non-e-commerce retailers move to online sales, promising up to $100 million to support small businesses in North America.
eBay, H4
Pivot: 29.00
Analysis:
Provided that the asset is traded above 28.20, follow the recommendations below:
The timeframe: H4
Recommendation: long position
Entry point: 29.00
Take Profit 1: 31.40
Take Profit 2: 33.50
Alternative scenario:
In case of breakdown of the level 28.20, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 28.20
Take Profit 1: 25.95
Take Profit 2: 23.90
Comment:
The shares of eBay, which have left the medium-term downward channel, are likely to form a new uptrend channel with a short consolidation. There is also a graphical pattern of the "Double bottom" trend reversal.
Key levels:
Resistance
Support
31.40
28.20
33.50
25.95
36.60
23.90
eBay, D1
Pivot: 30.18
Analysis:
While the asset is traded above 27.10, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 30.18
Take Profit 1: 36.10
Take Profit 2: 37.90
Alternative scenario:
If the level 27.10 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 27.10
Take Profit 1: 26.00
Take Profit 2: 24400
Comment:
RSI shows the possibility of an upward impulse.
Key levels:
Resistance
Support
37.9
27.10
36.1
26.00
33.2
24.40
We also advise you to pay attention to Intel for intra-day trading:
Pivot: 53.00
Analysis:
While the asset is traded above 51.00, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 53.00
Take Profit 1: 56.20
Take Profit 2: 59.00
Alternative scenario:
If the level 51.00 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 51.00
Take Profit 1: 49.35
Take Profit 2: 45.10
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...