eBay, a global online marketplace founded in 1995, reported Q3 earnings that beat estimates with revenue at $2.82B and EPS at $1.36. However, the stock sold off due to weaker forward guidance, forecasting slower GMV growth and ongoing margin pressures. Investors reacted negatively to signs of deceleration despite solid current results. The chart analysis shows eBay bouncing from support zone, suggesting the completion of a correction within wave 4, with wave 5 in progress aiming towards previous highs. Short-term traders can align with the bullish structure, while medium-term investors can look for confirmation signals targeting the 100-105 zone.

Read more at Barchart: Ebay Finishes A Projected Correction And Resumes Its Bullish Trend