We're neutral with #Ebay | 17 May 2019

#Ebay weekly 

Technical observation

On the weekly chart above, these shares are trading between a resistance zone 44.42-43.05 and a support 43.05, I expect either a rise to the zone or a decline to the line 31.76 followed by a breakout below it, In case of a rise to 44.42-43.05, wait for a rejection within it to sell #Ebay shares with your take profit at 31.76 and stop loss at 48.65 but should there be a decline to 31.76 followed by a clear breach below it, wait for a correction to the just broken line and a rejection at it to sell this commodity with your take profit at 22.30 and stop loss at 35.26, only short positions look ideal and may be advisable for the commodity above.

Trade recommendation

Remain neutral.

#Apple weekly

Technical observation

Last week, the commodity on the chart above was rejected within a resistance zone 211.97-208.77, it then declined as predicted and I still expect more of this bearish momentum this week, In case you went short within the above mentioned zone after a rejection, hold on to that position with your take profit at 147.91 and stop loss at 221.29.If you had not sold this commodity yet, you can still sell it now but if you are a bit sceptic to do so, wait for  another retracement to 211.97-208.77  and a rejection at it or a clear penetration below the line 147.91 with a big red candle followed by a retracement and a bounce at it to sell #Apple.

Trade recommendation

Remain short with your take profit at 147.91 and stop loss at 221.29.

#Exxon weekly

Technical observation

Since its rejection within a resistance zone 84.27-83.35, #Exxon has been declining steadily towards a supportive level 72.47 and  I still expect more of this movement this week to the line, if you sold this commodity within the zone 84.27-83.35, remain short and pick your profits at the line 72.47 but if you are not in a trade yet, wait for either a clear breakout below the line 72.47 followed by a correction  to it to sell #Exxon or another correction  to the zone 84.27-83.35 and a rejection within it to sell, on the weekly chart above long positions may only be recommended in case of a clear breakout above 84.27-83.35 and a correction to it.

Trade recommendation

Remain short with your take profit at 72.47.