Zalando

Zalando continues to focus on profitable growth and does not intend to pay a dividend for the time being; excess capital is to be used primarily for share buybacks and investments. Co-CEO Robert Gentz stresses that the company maintains a solid liquidity reserve and sees strong organic growth. Zalando is working on a "lifestyle AI", which Gentz expects will not fully replace the emotional and individual aspects of fashion shopping. » More on finanzen.net

Zalando is the first retailer to file a lawsuit against the parcel tax that has been in effect since 1 October with the Constitutional Court. At the same time, the Handelsverband submitted an internal market complaint to the European Commission and is calling for infringement proceedings over violations of the free movement of goods and services. Several large online retailers such as Amazon, Otto and Shein are affected and have also announced legal action or complaints; the tax amounts to €2 per parcel (€2.40 incl. VAT). » More on kurier.at

Zalando formed a double bottom in June, hit a 13-month high of €30.43 in July and has been in a mid-term downtrend since. The stock recently stabilized at the 76.4% Fibonacci retracement and launched a recovery rally that recaptured the August low. Short-term hurdles are the falling 20-day line at €22.86 and the resistance cluster at €23.39–23.46; a daily close above these would signal potential up to €24.07–24.89 and further to €25.87/€26.94. Supports are at €21.30–21.61; a break below would continue the downward move toward €19.84 and then €18.61. » More on finanzen.net