EBAY bullish above $41.50 but caution needed. Despite the blowout earnings and new initiatives announced by EBAY the reaction has not been amazing, thought the chart is bullish and has momentum to the upside, we would advise caution on taking a long, as we state on the chart there is some bearish patterns hidden within the chart.
Long but tight stop loss and respect pivots.
COMPANY DEVELOPMENTS
EBay launched two significant new tools that will enable sellers to better manage and grow their business, and announced a series of robust seller protections. The new tools enable sellers to better manage their business by giving employees secure and limited access to their eBay Seller Hub, and improved inventory pricing insights through the Terapeak integration. Multi-User Account Access - Starting today, all sellers will be able to grant access to their Seller Hub in a more private and secure way. Sellers can now add employees or delegates to perform seller activities on their behalf without giving full access to their eBay account. Listings will be the first capability to roll out. Sellers will be able to delegate editing, drafting and publishing access for their listings to their employees. This provides both users - the seller and the employee - added security and privacy for their eBay account. Later this year, we will enable more permissions including shipping support for sellers to delegate. eBay is among the first ecommerce companies to enable this feature at scale, beginning with this roll out in the U.S. Terapeak Integration - Starting today, all sellers will have access to Terapeak's pricing insights in a new Research tab within Seller Hub. Terapeak provides demand and pricing data to help ecommerce sellers know what your product is worth, what you should source if you are looking to expand and how to competitively price your listing. Terapeak also provides sellers with up to one year of pricing data. This is just the beginning of the integration, more insights will be added into the tool by the end of 2019. Terapeak was acquired by eBay in December 2017
EBay to launch Managed Delivery service next year eBay is introducing Managed Delivery, a cost-effective fulfillment service to launch next year, beginning in the U.S., that will provide shoppers faster and more reliable delivery on millions of popular products. The initiative will enable sellers with high-volume inventory to meet rising consumer expectations while reducing cost and complexity. Managed Delivery will provide sellers the ability to store, pack and ship their products through expert logistics partners managed by eBay. The new service allows sellers to store inventory closer to buyers in strategically located warehouses across the country, resulting in faster delivery time and lower shipping costs. eBay will power the Managed Delivery experience through a global technology platform and third-party partners will run the operations.
SOURCE thefly.coM
