This is the technical chart of eBay Inc. listed on Nasdaq.
I’ve placed 3 main indicators here. The first one is Doda-Donchian and Doda-Bollinger Bands. Both of them gave buy signal on 12-Jan-2011. This was further confirmed by BBSqueeze Dark indicator, placed on bottom of the chart. I’ll post more on this indicator in my next post.
All the 3 indicators pointing in single direction gives strength to the signal and soon after that the price of this stock moves northward. Faces little resistance in kumo as always expected.
Now, the main point is, the price is moving up, but the Doda-Donchian line is flat. That means, the price can come down to this level. The blue line of this indicator either start moving up now or it will attractt price downward. Watch the levels of $32.20 – $32.80 carefully.