Annual Forecast for Ebay (2019)

PUBLISHED: Feb 22 2019 @ 08:02 | Comments (0) | More info about Azeez Mustapha

Ebay shares (NASDAQ:EBAY) are in a very strong uptrend. Since price reached a recent low in December 2018, it has assumed a very strong bullish movement.

The bullish movement is so forceful that the 4 EMAs used for this analysis support the current trend in the market. They are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

The EMA 10 and 20 are already sloping upwards as price is moving above them. The market is in the region above the EMA 50, and the EMA 200 is about crossing the EMA 50 to the upside. It’s almost 100% certain this will happen and will result in a Golden Cross, which would usher in an era of continual green signals in the market.

The outlook on EBAY is very bright for this year and additional massive gains can no longer be a curiosity.

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