More EBAY

When eBay (EBAY) missed earnings I wrote "I would put next support around 83-84 with better support coming in at 75." We are getting to the better support this morning. The quick reversal lower in the stock this AM also should be shaking out a ton of weak longs. I would imagine the bounce could reach the 200 day MA but the stock requires a small trade size and wide stop. Here is a chart if anyone is interested in where the support levels come from.

Click on the chart to see a larger image!!

Posted by Hello