We do not need to take into consideration eBay earnings reports or its fundamental analysis to make a stock trading decision based on our supply and demand stock strategy.
Do you want to read about fundamental analysis for eBay? No problem. EBay Inc. was initially up 2% in after-hours trading Tuesday before dropping to -4% after the e-commerce company reported fiscal second-quarter results roughly in line with Wall Street estimates. Do we really need to know about all this to make a trading decision on eBay?
Look at the monthly timeframe analysis. eBay has a very strong imbalance located around $34 per share where we are expecting the price to dip. When will it drop down there? We don’t know. What we do know is that impulse is the strongest one in years and it could be a great buy price level to buy shares of eBay for long term if the trend analysis is still the same by the time price reaches that level.
Watch eBay stock video forecast for July 2020
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances for eBay stock.
Trading eBay’s supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control on eBay stock.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements on eBay.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy eBay stock CFD (contracts for difference) if you are in a country where it’s allowed.
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