eBay share price is showing down 9.8% in last 30 days.
Sellers found resistance at the 0.236 level of the Fib retracement.
The stock is priced near $40, which can act as a support.
American multinational e-commerce company – eBay looks good for long term investment as the asset company has performed well in last few quarterly results. The earnings for the fourth quarter of FY20 so far (chart below) surprised investors. Buyers can look at the eBay stock price from the earnings and revenue side.
Source: Tradingview
In the letter of Friday 16 December, the eBay stock price plunged 3.05% in a day. This week was unprofitable for the buyers as they saw 6.05% decline in week while asset price closed at $41 mark at the end of day.
On Technical Chart, eBay Stock Price Shows Another Story
Source: Tradingview
However, eBay stock has continued to decline from its all-time high of $81.19. From this resistance, buyers lost about 55% of the cost until it formed a yearly low of $35.92 on Octob
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