Don't Ignore This Chart!

$EBAY appears on bearish engulfing scan

 | 

The bearish engulfing scan on the pre-defined scans page at StockCharts.com featured 105 Nasdaq stocks and 177 NYSE stocks. The chart below shows EBAY with a rather large bearish engulfing pattern on Thursday. Trendline support is set at 24. Follow through below this level would confirm the bearish engulfing. You can read more about candlestick reversal patterns in our ChartSchool.

101001ebay
Click this image for a live chart

Announcement from the Author

{{ announcement.content }}

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus