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Strategies & Market Trends : Classic TA Workplace
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From: Henry J Costanzo5/25/2006 1:24:43 PM
   of 209892
 
EBAY...Interesting possible plays here..

Strong breakout, gap up, now around 33......but breaking only a minor UT line, with considerable R overhead...first at 50dMA 35ish, then at longer DT line at 38ish, and then at 200dMA 40ish.

I would expect price to be repulsed at each of those levels, so for a LTBH approach, there is no particular rush to enter. OTOH, looks like plenty of short-term trading possibilities ahead within a fairly wide range of price movement apparently in prospect..

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