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Heartbeat_Trading
Jun 2, 2023 4:28 PM

EBAY: Buy it Now? Short

eBay Inc.NASDAQ

Description

EBAY stock is in trouble technically

There is a potential that it could be setting up for a major down move that retraces a lot if its all time gains

Fundamentals- a few years ago they reshaped their business model and tried to refocus on what they do best- helping people sell stuff

Unfortunately that hasnt worked out too well and their competitors (Amazon, ETSY, etc- anybody else who helps people sell their stuff) have chipped away at their market share.

So in a nutshell I would say DO NOT "Buy it Now"- Buy It Later... because it will be much cheaper
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