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Purely Technicals' Blog

PT: EBAY - Leaving the Rest Stop after a Cup 'n Handle

EBAY - Leaving the rest stop after a Cup... n' Handle

A nicely formed Cup with Handle pattern on this stock's chart is looking set to run its course. Price has made a return move over the past 2 weeks and has pulled away after a non-technical event (earnings) that occurred last night. Volume is picking up and the stock should be ready to accomplish the CnH target over the coming weeks.

 

Also remember that you can avail of our other (free) stock picks, which are updated every trading day,  at our Stockcharts.com Public Listing.

Asher Pinto

TheMarketMessenger.com

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Published Thursday, October 19, 2006 11:08 PM by Purely Technical
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