eBay Inc. bearish scenario:
The technical figure Triangle can be found in the daily chart in the US company eBay Inc. (EBAY). eBay Inc. is an American multinational e-commerce company, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and an additional or separate fee when those items are sold. The Triangle has broken through the support line on 18/08/2022, if the price holds below this level, you can have a possible bearish price movement with a forecast for the next 8 days towards 46.70 USD. Your stop-loss order, according to experts, should be placed at 50.15 USD if you decide to enter this position.
Unfortunately for shareholders, while the eBay Inc. share price is up 42% in the last five years, that's less than the market return. eBay's earnings per share are down 19% per year, despite strong share price performance over five years. This was, in part, due to extraordinary items impacting earning in the last twelve months.
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Unfortunately for shareholders, while the eBay Inc. share price is up 42% in the last five years, that's less than the market return. eBay's earnings per share are down 19% per year, despite strong share price performance over five years. This was, in part, due to extraordinary items impacting earning in the last twelve months.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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