As a result of the pandemic, retailers are closing their doors, and economic data show that half of them have enough money just to survive for 27 days, with no money coming in. In light of this situation, people everywhere are looking for ways to support business. Today eBay is launching an accelerated "Up&Running" program specifically designed to help non-e-commerce retailers move to online sales, promising up to $100 million to support small businesses in North America.
Our Analysis:
Provided that the asset is traded above 28.20, follow the recommendations below:
- The timeframe: H4
- Recommendation: long position
- Entry point: 29.00
- Take Profit 1: 31.40
- Take Profit 2: 33.50
Alternative scenario:
In case of breakdown of the level 28.20, follow the recommendations below:
- The timeframe: H4
- Recommendation: short position
- Entry point: 28.20
- Take Profit 1: 25.95
- Take Profit 2: 23.90
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