Nice entry point for PYPL Paypal - Long term
PayPal was bearish since Sep 2021 till Oct 2023 (2 full years).
It seems like it has hit the bottom at $50 area, and now making a bullish trend (higher low, higher high).
It broke the down trend line from Aug 2022, and currently making a confirmation.
$63 price at the beginning of June 2024 is a good entry point for the long run with relatively short stop-loss (less than 5%)
Target points are as below:
6 months : +21%
1 year later : +48%
1.5 years later : +84%
2.5 years later : +175%
4 years later : +359%
So, we can check with PayPal every 0.5 year (6 months).
GL
It seems like it has hit the bottom at $50 area, and now making a bullish trend (higher low, higher high).
It broke the down trend line from Aug 2022, and currently making a confirmation.
$63 price at the beginning of June 2024 is a good entry point for the long run with relatively short stop-loss (less than 5%)
Target points are as below:
6 months : +21%
1 year later : +48%
1.5 years later : +84%
2.5 years later : +175%
4 years later : +359%
So, we can check with PayPal every 0.5 year (6 months).
GL
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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.