Paypal
$PYPL | REQUESTEDPayPal looks to be finishing up a regular flat for the corrective wave 4. They report earnings on 11/8 AH.
Things to note:
- Sitting on diagonal support
- Completing corrective wave 4
- Daily RSI showing a lower low (Seller Exhaust)
- Daily chart showing higher low/double bottom forming
- Possible hidden bullish divergence forming (Signals Continuation)
All the relevant levels and directions in PYPL Today we will take a look at Paypal ; let's start with the main technical elements we can see:
First: The support and resistance levels. Currently, the price is against a major support zone working since the beginning of the year. From here, we have defined the next support level and the next resistance zone. Both will be working as primary targets, either for bullish or bearish resolutions.
Regarding the bullish view, we have two descending trendlines we should pay attention to. Based on previous behavior, we can expect corrections during the ascending movement. Either on the first one or the second one. The cleanest setup based on a technical perspective would be to wait for contact on the 2nd trendline and see a clear correction. IF that happens, then we can trade towards the Next resistance zone (previous ATH level)
Regarding the bearish view, we are NOT taking short setups on stocks. However, the scenario we think would be a clear confirmation of the bearish view would be:
-Bearish breakout of the support level
- Pullback on the broken support level
- A new local low after the pullback would be the confirmation of the bearish movement towards the next support zone (180.00)
Thanks for reading! Feel free to share your view and charts in the comment box.
PAYPAL ON STRONG DEMAND ZONE, READY FOR BULLISH REBOUNCEPayPal stock quick analysis & labeling of the supply and demand situation in the market.
Marked out on the chart you can see zones of supply and demand, and we are approaching a zone of demand coming into this earnings release.
Should PayPal post solid EBITDA and raise its outlook at all, then any bounce might be able to be traded risking off of this demand zone with a target of the previous supply zone around 305. Should it fail to do so, then the stock may breakdown past this zone of demand, and sink further as it's growth multiple is re-rated lower.
While PayPal is relatively expensive right now, its solid (and accelerating) growth of 24%ish over the last year may continue, thus driving the stock higher.
We are also trading at the recent relative limit of discount to average pricing, at nearly -8% to recent prices. This may be a signal of slowing future price acceleration to the downside into earnings.
A potential trade around this release would be a weekly anchor spread, which is a calendar with one leg pre earnings , and one post earnings . Should the stock vol begin to calm into earnings as investors position for the news, it may be a solid way to take advantage of that with a ~$300 win per contract.
Additionally, an interesting bet may be a far otm long strangle, with the long put lower than the zone of demand - bet on a breakdown. If it happens, it may be ugly.
Technically we have great levels working here, globally uptrend and locally downtrend. The level was confirmed with two false breakdowns.
We have to note 13th of November reports also. And we can expect accelerate movement from 220 to 300$.
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PayPal (PYPL) Analysis
PayPal was one of the companies that post-covid has grown the most, we are talking about a + 271% from the lows of March 2020 to the double maximum reached between February and July 2021.
A dizzying growth with always positive Earnings, which beat expectations.
Except that of July 28th.
This time, albeit positive, the earnings proved to be disappointing, and in fact, on July 29 the stock opened in a gap down of more than 5% and then gave way to a bearish phase that lasts until today, where we are just two days old. of heavy sales due to the rumor that the holding of San Jose is in talks to buy Pinterest.
Physiological pull-back based on news or the start of a major bearish phase?
Paypal has, compared to the past, a lot more competition, and it won't be long for Amazon to enter this brokerage business.
The company is moving, precisely because it knows that there is a need for news for investors. The purchase of Pinterest could be strategic, as the creation of e-commerce on the platform, with the experience and ecosystem of PayPal, could be very interesting and profitable.
Without forgetting that eBay has changed its policy a few months ago, creating its own payment ecosystem and making it mandatory, excluding PayPal from a partnership that lasted for about two decades. (I'm speaking about the European situation).
The future scenario remains uncertain.
The November Earnings will be crucial.
From a graphic point of view, the entry levels are quite evident and stand at:
- $ 240 current level, but I decided to wait
- 213 $ area, first volumetric level of some importance
- $ 173 of course, should it ever arrive here, I would definitely buy one.
Happy trading
Lazy Bull
TSLA - PUTS - OPTIONSAll,
First off I like TSLA, Elon etc. They had an absolute monster run, but what goes up most come down (some). I think we see 760s or 750s retest. Adding PUTS once it fails up here and volume dies off. Also some semi not great news recently. Once again TA and bull run coming to an end I think.
Let's make a deal!Paypal is in talks with Pinterest about a possible takeover. The price per share is being discussed in the neighborhood of $70. It would be around $39 billion. Potential earnings, if you go in at this point, could be 11%.
Watch closely, there could be pullbacks. You can exit the trade with a stop loss if it goes above the 61
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PayPal under pressurePayPal Holdings Inc shares fell 1.22%, or $3.19 per share, to close Wednesday at $259.00. The stock showed a lot of weakness since the company's latest earnings report on July 21 showed a higher sales and earnings in Q2, but, its projections for the full-year 2021 were downbeat.
The stock has violated the ascending trendline aggressively with a downward gap confirming the formation of a bearish reversal pattern on the daily timeframe. PYPL may extend its pullback hitting the pattern's target at $235.00 that corresponds to the 38.2% Fibonacci retracement level.
Look at the beautiful pattern the trend lines are makingWell guys, I dont know if you been holding for awhile or not but WHAT A YEAR. $LUNA is MASSIVE. This has been my greatest hand so far and you know what, I think it will continue to be the best. With all the minting and burning does anyone really need DD? I dont do technicals I just like charts. I've been successful with charts alone. With that said, Im not a professional. This is for entertainment only. Do your own research. You should know that already.
$pypl #paypal update2 pt is above $303 at this phase i was inform you about the potential stock move one week before
at this pt is $304
yesterday the buyers absorbed the sellers from quick gains but the stock closed green with higher high
we saw that there is big power here.
strong long
it is safe bet and this
disclaimer
PYPL against the ascending trendline + lower timeframe viewToday we will talk about PYPL!
-The price has bounced on the main ascending trendline since the 2020 March bottom
-What can we expect from here? We have defined two horizontal levels (green and red) for the bullish and bearish views. Please don't consider them as triggers; use them as reference lines. On the next image, we will show you the specific filters we will be using to develop setups (we will not short PYPL. However, we defined what, in our view, would be a clear scenario)
-What about Risk? Always absolutely always risk no more than 1% to 2% of your capital. That will keep your account safe and your mental state healthy.
-We can keep writing to make this post longer. But all the necessary information to have a clear idea on what we are observing here is already on the text and the image.
We wish you a great trading week.
PAYPAL OPPORTUNITYPayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders
Divergence on the daily for PayPal. Excellent opportunity with 1: 2 risk return