
eBay Weekly Outlook: Is the Bullish Trend Intact?
Current Dynamics: eBay Stock Strengthens in Long-Term Bullish Channel
Current Dynamics: eBay Stock Strengthens in Long-Term Bullish Channel
Shares of The Home Depot Inc. (NYSE: HD), the leading home improvement retailer, continue to trade in a corrective channel near $367.00, as the market digests both strategic M&A activity and sector dynamics.
The Nikkei 225 (NI 225) continues its corrective pullback, trading near 39,429 as investors react to the latest signals from Washington. The US administration, under President Donald Trump, announced intentions to impose an additional 25% tariff on Japanese and South Korean imports, effective August 1 unless a trade agreement is reached beforehand. This new tariff threat has reignited concerns over global supply chains and trade relations, causing both the yen and Japanese equities to come under renewed pressure.
Current Outlook: The probability of continued upside remains elevated for Amazon.com Inc. (AMZN), as the daily chart shows sustained progress in the higher-degree upward wave C. The structure currently unfolding features the completion of wave (1) of C, a corrective pullback in wave (2) of C, and active formation of the powerful third wave (3) of C.
H4 Chart: Bullish Reversal Patterns Signal Further Upside