Paypal, Opt 1 15%ROI or Opt 2 22% ROI Jump in and rideAfter the news about Ebay/Paypal/Adyen on January 31st there has been a technical oversoldness and fundamental undervaluation. Paypal reported 131.45B Total Payment Volume last quarter. Next report is on 04/26 AMC. Jury is still out on expectations.
After braking the bearish trend line and breaking the resistance I expect Paypal to get close to $88 very fast.
Option 1
1st Target $80.00
2nd Target $88.00
Stop Loss $75sh
Option 2 (already in)
Stop Loss jumped $75sh
Buy in $72
1st Target $78
2nd Target $80
3rd Target $88
Paypal
REQBTC Expanding Flat 7-800% GainsUpdate to our previous REQBTC analysis, previously we had an ABCD retracement which has now turuned into an expanding flat and looks ready to go. This is the completion of Wave 1 and 2 and rwady to move into our largest 3rd wave for this first cycle. Trade still valid and running, no stop loss hit, target still valid.
Great long term investment which about to launch their main product and potentially compete with Paypal who holds a 90B Market Cap, huge potential for this product.
Going long PYPL on MondayPYPL is printing a bullish engulfing hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long PYPL on Monday using a limit (GTC-BUY-LMT) order @ 75.87. I will have three trailing sell stops (GTC-SELL-STP) @ 73.50, 72.55, and 68.60 to protect my initial invested capital in case PYPL does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from February '17 - November '17.
PAYPAL (PYPL) Strong uptrend - Long TermBASIC INFO:
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Revenue seems to be increasing well over the last few year as well as earnings per share. Earning surprise looks great over the last 4 quarters. Consensus on Earnings per share forecast is strong over the next few year and a 17% earning growth rate for the long term 5 year forecast. Paypal is still ahead in price/earnings compared with the industry average.
SETUP:
Posable time for long position seems now with a initial target of 64.95 and a stop of 57.59 with the option to add to the position on pullbacks to the trend line. Lock profit in by adjusting stops up.
(Daily) Pay at Structure With a Cypher -Div. at 78% as an optionNASDAQ:PYPL
It can bounce from the 78% (and this is the fib level for a cypher completion point), already with RSI divergence, but i need to believe the price will respect the structure first, then the harmonic, that said, i am waiting a deeper abc correction close to the structure and also an RSI below the lower band at 20's (oversold)
Safe Trades;
BTC perspectivePayPal news seems more likely to be a reason/excuse to pump rather than a catalyst to the temporary bullish momentum in the current bear market.
4 hours RSI today still shows an underlying weakness in the market with its inability to break out of the trend developed over several months since the fall from the 680 rally. We are also hitting an upper resistance as defined by the red horizontal line in the chart.
We'll most likely still be making a visiting to $350 if BTC fails to make new highs from here to invalidate the elliot wave. Next few hours to days will be crucial.
I will be waiting for a new peak to short, in the meantime we'll trade sideways for a while.
BTCUSD Bullish attempt at resistance after Paypal announcement Paypal has just announced that it will be integrating Bitcoin into the payment protocol with a bit more involvement then previously thought. Paypal's subsidiary Braintree was given the go ahead to announce it's involvement with Bitcoin just recently. The price has moved strongly in wake of the news and continues to move toward key resistance points on our chart.
Price has bounced off 450 several times now and has yet to close above. 450 has been a well established resistance line for some time. Price will have to close convincingly above this price before proceeding with an attempt on 460.
Fib re-tracement 1.618 converges with the medium term down trend line at 460. This should give panic buyers pause and will prove a difficult resistance line to cross. Still the likely hood remains that price will make one or more attempts at this point. It's anybody's guess as to whether the strength of Paypal acceptance news can push the price confidently past such strong resistance and those without balls of steel should sit this one out.
EDIT: Typo on chart states 1.168 fib, should read 1.618