Paypal Flag BreakoutPaypal has been trending on the downside since last many days, it has finally given a flag breakout.
With equities getting the interest back as the new variant concern fades Paypal looks a good buy at these levels.
PYPL
PYPL - One more deep to touch 200 EMALooking for PYPL to go up and down to bounce again at 200 EMA like what it did last March 2020, but will not break the all Time High because of 20MA and 50EMA is sharply pointing down to 200EMA.
Entry: 174.00 or when bounce at 200EMA
SL: 61.8% of Fibonacci Retracement from March 2020 to ATH
TP 1: 23.60% to 38.20%
TP 2: 38.20% to 50%
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CRSP - WEDGE ON SUPPORT - PIVOT CANDLE CONFORMATION **ON ALERT**All,
Pretty easy to see why you would be bullish here. Few things need to happen.
1) full candle break watch for a gap etc
2) needs to break horizontal SR at 81.50s (full candle above)
3) market needs to hold this in here if it were to somehow lose these yellow levels would be big downside imo.
Add alerts and keep this on a short timeline maybe literally one more day.
SQ (SQUARE) Big Shorting opportunity aheadToday were taking a look at SQ (SQUARE)
So SQ made a big move down for earnings around the $225 level.
This level is widely being considered as a "buy the dip" opportunity which very well may be. However obviously we are offering a different perspective and heres why:
Reason 1:
We spend more than 3x the effort (activity) on August 2nd than we did on February 16th to make the same level highs. (relatively, weekly outlook)
So if we have more participants and cant breach a new level we have to consider that perhaps long isnt the direction.
Reason 2: 235-240 zone was a big area that held as support for nearly 5 months. We finally broke down and closed from that level. So for Operators to immediately reclaim that level is just a less than probable event.
Reason 3: Although not very clear it appears we have completed the B corrective wave and are well into our C distribution wave. We are referencing Elliot waves here. A modest 1:1 ration gets us to the 200-208 destination. Note: 1.5x and 2x distribution waves are no stranger.
There are a few more things happening here that are subjective that I will leave off such as harmonic patterns and the overall type of bearish structure we are in. In this case I dont think we need to add that to the confluence. Theres enough to suggest a lower price is more likely than not going to be realized.
As stated I like the 235 to 240 maybe even 242 area for shorts/puts to be initiated.
If you were to go into a lower time frame like the 4hr or the hourly you can find a much more precise entry point with a more favorable risk profile if not this would be a 1:1 trade short.
PYPL LONG IDEABuy range on PYPL is a great weekly and monthly level to test with easy stop. If the range holds this is a great risk:reward trade.
Enjoy!
$PYPL Is [Paypal -40%] a Great Buy NOW?!By "The Motley Fool"!
I will be talking about PayPal NASDAQ:PYPL and why it might actually be a great stock to pick up during this recent market crash. While being down 40% from its all-time highs, PayPal's business is doing extremely well. You can find the video below, but here are some highlights.
1. Last quarter, the company reported revenue of $6.18 billion, up 13% year over year (YOY), and EPS of $1.11, up 4% YOY.
2. Venmo ended the third quarter with more than 80 million users.
3. PayPal added 13.3 million net new active accounts (NNAs) and ended the quarter with 416 million active accounts.
4. The company announced a partnership with Amazon that will allow its customers in the U.S. to pay through Venmo starting in 2022.
5. PayPal CEO Daniel Schulman recently said that on Black Friday, the volume of buy-now-pay-later transactions was up almost 400% year over year, to around 750,000 transactions in that one day.
6. PayPal ended the quarter with free cash flow of $1.29 billion, up 20%. Over the past four quarters, it generated over $24 billion in revenue, and it is trading at a trailing-12-month revenue multiple of 8.6.
7. The company expects revenue will grow approximately 18%, in the range of $25.3 billion to $25.4 billion, and that it will end the year with more than 430 million active accounts.
8. Price is technically testing a broken wedge that's been extended since Jan 18 and has bounced about 4% so far.
Follow for more similar serious opportunities...
#AHMEDMESBAH
pyplHey look at this chart
we near important support line
I suggest you buy and holding for next week
Loading UP PayPalHeavily discounted price for this beauty between 170-180 would be a good buy. no short term target, this is a long term hold, this company can reach 1T market cap in the next couple years.
PYPL [LONG] DCA Looking a great level for PYPL - green rsi/market cipher/red money flow + positive divergences.
** NOT TRADING OR FINANCIAL ADVICE **
Paypal. Hammered as of late but is it time to buy the dip.Off more than 35% over the last few months and infact down on the year, this appears to be a dip that should be snapped up. The RSI has never been so oversold on multiple timeframes. The fisher is in extreme lows and with the price placed nicely on support. The recent fall has also made a bullish crab. Targets of 234 + 288 then will reassess.
PYPL Key Levels and Thesis PYPL has traded back down to its consolidation zone from August-October 2020. In theory the stock could re-auction in a similar zone of 174-203 as the market gets hit. However, if PYPL continues to trade lower a test of the gap up from 138 would be the next stop. PYPL has done well in expanding their business model with integration into crypto and buy now pay later systems through their acquisition of Paidy in September. This acquisition and miss on revenues could explain the near term shift in the stock. That being said, the costs of crypto integration and acquisitions are only a near term issue. The past few months, strength from value stocks and a recovering dollar has pressured growth stocks such as PYPL. Despite this, the stock is poised to recover swiftly when a second tech rally plays out. Some topside levels to watch are 216 where the stock could see some overhead supply after a gap down. Another level to watch is 251. A close above this level would give me confidence for the stock pushing into ATH’s.
Respect The Pullback In PayPal Holdings (NASDAQ: $PYPL)PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies. It also offers gateway services that enable merchants to accept payments online with credit or debit cards, as well as digital wallets. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
$V - Visa in a major bearish downtrend $134 PTIf you draw a trend since 2011, it looks like it can retest the $134 level (which has acted as major support levels multiple times. I would not buy at current levels.
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.
Fintech Bargain HuntDue to several factors the fintech sector has been serverely beaten up over the last few months. While some of the fintech names were way overvalued and a pullback needed, there are still quite a few good businesses within the same space and are going for relatively good value. Remember 'value' is in the eye of the beholder and should not be viewed separately from the growth and appeal the company has. At the most, they allow us to pick out the good quality businesses
happy bargain hunting
PayPal - it's time to buy?PayPal is a great growing company that each of us knows. While the inflated negative background of the future is weighing heavily on the company, it may not come true. At the moment, the share price has corrected well and approached the previous accumulation zone, where you can start buying them. The shares are also strongly oversold. For myself, I noted two scenarios from the current setup. But I don’t believe in testing the 120 level yet, unless there is a strong correction in the entire market. But have money on hand.
PYPL BOTTOM ?There is a wolfe wave setup on the Daily time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 287 which is expected to reach this price target at the apex which is in March post earnings. There is a gap at 211 to keep in mind.
PYPL ANALYSISI believe that price is currently ranging between support and resistance. News could push it in the upward direction but i would want to see it come down to touch the support line as outlined by the red drawing.
JD - ARC ENDING - UP OR DOWN?All,
JD looks like it's going to make a pretty sizeable move here. My honest guess is the downside. With that said I don't think they are a bad company by any means. Decent earnings etc. I just don't see the traffic/high level interest to really keep the momentum up. That being said I always plot both theories up and down so of course do your own DD. Like most of these plays I would do 1:1 puts/calls and drop the other when you have conformation.
DKNG - 618 FIB ALL TIME - TIME TO BUY?All,
DKNG here obviously a typical buy area, but market + ER I still have to be careful here. I 10000% would add to watchlist. Worst I see it getting is 33-26 range a little lower.
UPST - BE READY - SET ALERTS All,
UPST with last ER is just a must watch down here it could hold here, or drop down but I for sure think we have a MASSIVE bounce if it drops down on that trend line.
This is all pending the market. SPY falling knives can slice any mid/large cap.
