Many Reasons to Buy Disney Stock
People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
EBAY stock: if not the virus...
2020-07-09 • Updated
Ebay stock offers a very interesting layout.
Since it reached its all-time high of $47 in December 2017, it never came back up before the virus. It was at around $40 per share in the middle of 2019, but that’s about it. In the meantime, the strategic support of $26 has been steadily lying down there throughout these years. For this reason, it is a very big question of how actually Ebay’s stock would perform if not the virus. Very possibly, trajectory 1 would something that we would see. But “if not the virus” doesn’t work anymore.
So now we have ebay trading at $58. Will it go higher? Probably, yes. There are all the reasons for it to make new gains. There will a retrace, of course, and an inevitable stabilization at a milder trajectory. Where will it be? The historical performance of this stock may give us some clues.
The last 10 years saw this stock move within a steady channel upwards. The first period (2009-2016) was a period of gradual growth in the lower band of the channel. The second period (2017-2019) saw this stock reach its mentioned all-time high at $47 and collapse to the area of $26, going through noticeably higher volatility. The third period – if there was no virus – would probably be the one where this stock would slide upwards again, coming back up to $47 in approximately a year or two.
However, as the virus came, it forced the stock upwards. Although it is natural that the demand for Ebay’s delivery service is higher in the times of social distancing, it appears that the stock is quite overvalued. That’s why, most likely, it will drop in the long-term perspective down to the same $47 to take a milder trajectory upwards as in scenario 4.
Tuesday, July 28, will bring us Q2 results from ebay – to be announced at 2200 MT time. Nothing extraordinary is expected apart from confident and positive results to give even firmer ground for this stock to rise… or not. We will see that in due course. Trade ebay.
Your plan now:
- You download the Metatrader 5 .
- You open the MT5 account in your personal area.
- After that, open all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
Similar
How Alibaba Deals with Troubled Times?
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.
Inovio to Plunge Ahead of Earnings Report
About the company Inovio Pharmaceuticals Inc (INO) is a biotechnology company that focuses on developing DNA immunotherapies and vaccines to treat and prevent various cancers and infectious diseases…
Latest news
PAIRS TO WATCH FOR REVERSALS THIS MONTH
Over the last couple of weeks, GBPUSD and a few other commodities have breached their recent swing highs and lows, while some have even gone on to create new All-Time Highs and Lows
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
