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Online Merchandise Platform Forms High Tight Bull Flag

by | Jul 11, 2024

eBay (EBAY) shares of the internet name held strong on Thursday and closed near highs as its nears a massive breakout from its coiled range near 54 and a close above monthly value area would likely see a move to 56-57 prior to earnings due 7/31. EBAY has been a strong turnaround story in 2024 and looks poised to continue to highs with 60 a bigger picture target off the weekly chart. EBAY still has the large January 2026 $50 calls in open interest from buyers of 4000x back in March at $10.55.

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