This stock is in a clear trend and even 2 months ago broke a resistance level above 40.00 with a overnight gap that was filled completely and the gap is now working like a support (look the daily chart) https://www.tradingview.com/chart/VEIBUXco/ Now there are a price consolidation above the 40.00 level, wait a pullback for a better entry price. This kind of idea ...
Technicals and valuation support a bullish rebound. Supports at 35 from the channel it has been trading in since June. PE of 5.2 is cheap in this market where the S&P trades at a PE of 25. Excellent margins (80%) support their profitability. Even though Amazon dominates this space, there should be enough room in ecommerce for Ebay to continue to grow.
EBAY is testing support as we approach Black Friday and Cyber Monday. The shopping spree expected can boost EBAY following its recent decline and send it back towards the bottom of the rising triangle, to test it as resistance. Read more about EBAY, SPY, DAX, FTSE, DXY Gold and more in this week's newsletter #WeeklyMarketsAnalysis in Twitter
Technicals and valuation support a bullish rebound. Supports at 35 from the channel it has been trading in since June. PE of 5.2 is a steal in this market where the S&P trades at a PE of 25. Excellent margins support their profitability. There should be enough space in e-commerce for both Ebay and AmazonNASDAQ:AMZN allowing both to continue to grow.