#PayPal bouncing on weekly supportPYPL Is looking forward to a strong recovery. We had a nice bounce of the weekly support. A potential gap-fill to the upside is in the play.
PayPal is a strong company with good fundamentals. I believe the current price is not fare and we should visit $200+ channel soon.
I am planning to add to my long position as soon as we break the local downtrend and add more on retest of the same downtrend.
Paypalstock
PayPal (PYPL) AnalysisPayPal has reclaimed a nice trendline
On this chart two points can be compared that are very similar
The first point ends up with bullish continuation, hence we can make the assumption that the second formation, due to it's similarity will act the same
Key comparable areas in corresponding colours.
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 $235.00 that corresponds to the 38.2% Fibonacci retracement level.
PAYPAL OPPORTUNITYPayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders
Divergence on the daily for PayPal. Excellent opportunity with 1: 2 risk return
Possible scenario - Paypal 💥PayPal has cup formation if will complete cup and handle formations, we can see it in ~395$. You can buy after approve this formation (💰). I think it has bearish trend for now ⚠️. Don't forget see approve for buy 👀. Otherwise you will lose 💸.
It is not financial advice ⚠️.
PAYPAL correction and price levels LONGPYPL reached ATH, but if the trends should stay healthy, we should go through some price correction.
I know it is a good STOCK with significant potential. The price is going higher because of the covid situation and payouts for freelancers, but I am selling now, and I am gonna wait to buy again for a better price. The growth of profit has already been included in the price of PAYPAL stock.
ENTRY LEVELS LONG:
$263
$254 STRONG BUY
$224 STRONG BUY
PayPal SHORT swing - PYPLPYPL stock is reaching BIG RESISTANCE around $253. It is a good opportunity to realize your profits before a possible correction. If you want to short, the target price for SHORT profit is $207. I recommend PayPal price around $200 as a good entry-level to BUY this stock if you want to hold it longer. A price of around $180 should be perfect to jump on the train with a bigger position.
PYPL LEVELS:
$253
$242
$207
$200
$180
Paypal Breaks Covid-19 Bull Flag!Paypal breaks the Bull Flag since the Covid-19 V-shaped recovery, and has now huge upside potential.
On the Weekly already, we could see the nice EQ zone between 215 & 175 forming, another rejection at the tops & subsequent break would've been preferable, but it's ok.
As long as the bulls can keep the momentum now, we are looking 240 and potentially beyond.
This trade would be invalidated, if we fake-out and come back into the EQ. We have a clear Daily HL at 206 to watch out for in this case:
Happy investing & trading!