PYPL a good opportunity as market stabilized
PYPL has declined significantly from its peak.
The company has strong fundamentals. The P/E has become far more realistic at 26.
The price has collapsed by over 75 % from its peak.
The price has reached important historical support lines.
Looking at Ffib Retracement if we retrace back to previous resistance there is an upside potential of +65 % on the trade.
There are of course still high risks that the stock suffer more if the overall market conditions remains bearish but the entry point make sense for a long position.
The company has strong fundamentals. The P/E has become far more realistic at 26.
The price has collapsed by over 75 % from its peak.
The price has reached important historical support lines.
Looking at Ffib Retracement if we retrace back to previous resistance there is an upside potential of +65 % on the trade.
There are of course still high risks that the stock suffer more if the overall market conditions remains bearish but the entry point make sense for a long position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.