Stocks we are watching this week - Amazon, eBay and more

Daily Chart -[BULLISH ↗ **] AMZN holding above 161.25 support, level above which we expect price to do a bounce towards 181.70 resistance. Stochastics indicator is on support where price bounced strongly in the past.

Daily Chart -[BULLISH ↗ **] EBAY is holding above short term ascending trendline support that started since May this year. As long as price is holding above 54.20 support, a further push higher towards 60.75 resistance is expected. Technical indicators are advocating for a bullish scenario as well.

Daily Chart -[BEARISH ↘ **] 8035 has dropped lower and is now holding below 27800 resistance. As long as price is holding below this resistance, a further push lower towards 22050 support then 19490 support is expected. Technical indicators are advocating for further bearish scenario.

4 Hour Chart -[BEARISH ↘ **] 4568 has broken below descending trendline support (now resistance). As long as price is holding below 5660 resistance, a push lower towards 4890 support is expected. Technical indicators are advocating for a bearish scenario as well.

Daily Chart -[BEARISH ↘ **] G13 is drifting lower. As long as price is holding below 0.830 resistance, one more push lower towards 0.760 key near-term support is expected. Technical indicators are advocating for a bearish scenario as well.

Prepared by:

Isaac Lim CMT, CFTe
Chief Market Strategist

This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore.