EBAY – eBay Inc.
eBay pulls back from all-time highs and looks to be trying again.
EBAY – eBay Inc.
Date: 16 June 2026
Sector: Retail Trade / Internet Retail
Exchange: NASDAQ
TradingView link:
Opening/macro/sector context
eBay is, to be honest, quite an unusual stock to be going out to all-time highs.
Compared to other retailers such as Amazon, which was competing with eBay in the early 2000s, or compared to Vinted today, eBay feels like the granddad of selling things online.
It does not have the same leaner, meaner feel as some of the newer online resale platforms.
Nonetheless, price action speaks volumes, and this chart pattern is very positive.
eBay is also a slightly unusual technology play because there is no obvious overlap with AI, which provides some diversification away from this theme.
With Amazon, of course, you have Amazon Web Services, and while its online retail offering is where the company started, AWS gives it a clear technology infrastructure angle.
eBay does not have an equivalent of AWS attached to the business, at least not that I know of.
So this is more of an out-and-out internet retail play.
Long-term structure
Looking at the long-term monthly chart, I would broadly describe eBay as having three major trends, marked out by the three pink boxes and the periods in between them.
The stock initially floated around $0.70.
After listing, it rallied, consolidated, and then rallied again up to the top of the first pink box around $24.
It then fell all the way back to around $4.22 before completing a U-shaped pattern back towards the $23 area.
After that, it stayed near that level for a considerable period of time, only briefly peeking above it on one occasion.
Eventually, eBay moved significantly above that level, came back to test it, and then sat on that line once again.
It was only after the final bullish monthly candle, which occurred around 6 July 2016, that the stock really broke out.
From there, we saw another breakout, followed by a series of higher highs and higher lows.
At one stage, the price came back to test support, which I have outlined with a circle, but it did not break structure.
The stock then continued to form a series of higher highs and higher lows before reaching the top of the second pink box around $81.
From there, the price moved back down towards $35 and completed a near-perfect U-shaped recovery.
It then lept up in July 2025.
After that, eBay moved sideways again into the third pink box, where it remained until the most recent breakout. That breakout occurred in April 2026.
Lower timeframe / recent structure
Zooming down to the daily timeframe, the setup becomes interesting.
There is a nice rounding pattern at the bottom, marked out by the pink curve.
On the daily chart, eBay has just printed its first blue candle, and the hope is that it closes with it intact.
The stock has formed a nice series of higher highs and higher lows.
I am looking for that pattern to repeat, with price moving from around $110 back towards the all-time high near $119, and then hopefully continuing higher from there.
As of writing, the entry trigger has technically been met.
However, I still want to see the daily candle hold and close blue before taking the trade at the end of the trading session June15th
Entry trigger:
The entry trigger has been met, but I need the daily candle to hold and close blue.
If it does, I would look to take the trade at the end of the trading day.
Initial stop loss:
The initial stop-loss will be around $105, where the stock has support, and we formed the bottom of the rounding pattern.
Multi-timeframe correlation:
3M: Blue candle
1M: Blue candle
1W: Grey candle
1D: Blue candle
4H: Blue candle
When should I tighten the stop-loss?
Tighten the stop-loss at each higher wave as the structure continues to develop.
When do I add to the position?
Add to the position every time we get another wave higher, ideally after a higher low forms and the structure remains intact.
Potential target range:
Initial target: $119 all-time high area
Activated price targets:
0
Am I in this trade?
No
Current R multiple:
0R