EBAY, Back To The FuturePosted: July 18, 2013
What is so special about EBAY current stock price? Well back in 2004, $56-$59 was the zone (shown in red) where it reversed its trend and went into a 4 year bear market.
Fast forward to the future, another 4 years and Ebay is back to that zone. What is currently happening in that zone is interesting, as it has formed a 5 months consolidation rectangle pattern. Watch the breakout of this rectangle