Get started
PayPal Holdings, Inc.
Long

PayPal possible 10% up move in 10 weeks

By RedKTrader
Updated
PYPL
i don't usually publish my target projections - but thought i should start at one point to get more experienced traders than myself to provide feedback for how to improve.
[Disclaimer: #1: this is for education only and not by any means a trade recommendation! - #2: i am a casual trader and not a professional trader ]

PYPL shows a potential run up after a good 6-month accumulation. Price projections shows a possible 10% within 10-12 weeks.
  • The magic entry zone was $108 to $112 or so.
  • the first projected target $117 was hit
  • there's couple of signs of strength - especially how it picked up from the gap down post Jan earnings announcement


for my entry, and to get totally convinced, i want to see more buying momentum building up, and a come back to the buy zone followed by a confirmation of continuation up - and that should happen within the next 5-6 trading days, if not sooner.

comments and thoughts?
Comment
that planned move seems to happen sightly earlier than expected ... but all good!
Comment
Possible bull flag, and another attempt to break resistance at $121 - still going according to plan so far.
snapshot
Trade active
Feb 14 - Today's update: we broke the $121 early in the session, with good volume and commitment - still holding this position - looking next to break the $124.

snapshot
Trade active
First Target $124 hit -- we have good return on April 115 calls - will let it ride hoping to hit the 2nd target, will update again soon!
projectionredkSupply and Demand

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.