EBAY Strong Earnings-Maybe a Leak

I received this email at 3:51

"I'm just going by chart on this one, I think they will beat and stock should gap up.  What's 3c showing?"


"I'm not sure what the correct version is for 3C/EBAY, I don't have notes, but 2/3 versions show something bullish happened recently."


EBAY is up about 6% in after hours. For those of you using 3C, when I look for earnings leaks, I tell you to look for something strange jumping off the chart. EBAY had just such an event.

 First EBAY is acting different than the market recently on a pullback, I think this is part of what our member noticed, after all if you are going to accumulate on a leak you know will push the stock higher, you want the best price entry.

The divergence for the pullback is there, whether that is naturally occurring or not, I have no idea, but the 1 day spike to a huge leading positive divergence on a 60 min chart is not normal, there was huge, very fast accumulation in to lower prices, this is something that stands out on a chart as a leak considering it would normally take 3-4 days to get that kind of 60 min chart movement, even with good accumulation.