Reading the Right Chart

 When there is not enough information via a daily chart of a particular stock, I back it up and look at a weekly, hoping for some clarification. In the case of eBay (EBAY), the weekly chart actually provides a rather bullish scenario, with the risk defined, of course!!

 One of the first things that I noticed in the weekly chart was the price symmetry (similarity) of the most recent decline with a couple of prior declines. Note that the decline into late August of this year was $8.42. This is very similar to a prior major decline of $8.49 and not too far away from another that lasted $9.31. The bottom line is that the bigger picture pattern on the weekly chart is bullish, even though the daily chart has looked a bit "iffy" recently....226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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