PYPL
Some ideas on the most significant drop in PYPL history.PYPL is on my trading watchlist because, as a growth stock, it has been in a corrective situation for a reasonable amount of time, 284 days to be exact, from February 16, 2021. When we have this type of consolidation, it is easy to look at the past and ask a simple question. How many times did a similar situation like the current one has happened?
As you can see, there are 3 situations, including this one, that we can compare and understand to look for a good spot to develop setups with a goods ods as evolving as expected + High risk to reward ratio.
Let's check all of them.
AUG2015 - APR2017
JUL2019 - MAY2020
FEB2021 - YTD
I don't have a final idea of what I want to trade here. However, I'm certain I will not develop any bullish setup below the current descending trendline. Once the price gets close to it, I will develop the specific filter I'm waiting for. Based on past behavior, if I see a breakout of the descending trendline + a clear filter (not defined yet), I think it is a good opportunity to look for setups with a target on the previous high and beyond. That would mean R/R ratios above 5 or 6 (if we can catch that), and at the same time, we can absorb multiple stop loss, and even if we get it right on the 4th attempt; we still are able to make profits.
Feel free to add any ideas or thoughts about this in the comments! Thanks for reading.
PYPL- SPEED FAN BOUNCE - TRADE OF THE YEAR- BE PATIENTAll,
This is almost too perfect. Weekly everything lining up. WATCH THE SPEED FAN BOUNCE AT BOTTOM.
This Speed fan bounce and trend line bounce is going to be EPIC. This is a $200-$210 PT. Then bounce down on speed fan down to 190s 180s again then it should break 220+. How you want to play that is up to you I am aiming for 200-210 the second it gets 185-180. Risk I am willing to take. I see this as easily 200%+ considering IV is in the shi**er. Probably long term 400-600% assuming market doesnt tank or something news related.
Fib trend bounce here
Fib retracement here
Stoch RSI literally dead at 0
reg RSI sub 20 WEEKLY holy hell
long term trend line underneath $180
$PYPL | WEEKLY WATCHLIST 11/22Very ugly move for PayPal last week. I have since taken profits on the initial bounce we got from $201 to $215. I hold no options for the time being. Weakness from last week opens up the possibility to see $169-170 get tested before a major low is potentially put in. Be patient with this one and careful catching a falling knife with weakness present.
SPY - AT THAT AREA AGAIN...DIPS MAY DIP EVEN HARDER BE CAREFUL*** I know it's so tempting to jump on option calls for PYPL/UIPST/BIDU/ROKU and many many other huge dips that are 100% undervalued. BE PATIENT. These are selling off so fast and hard when you time this bottom correctly trust me they will blow up for at least 100% in options. Don't assume just because they are undervalued and dipped that SPY cant take a nose dive here to 450-440 and take them further down. Be patient.. WATCH THE MARKET FIRST. Don't get faked out on a tiny bull run for one day that turns up being a huge negative move.
All,
I think we are reaching once again that retest area. There are two arguments here. One that both of these resistance lines have been tested way over 4 times. So in theory eventually dip after drip these break resulting in a breakout and usually a good one. However, for obvious reasons we have pre pandemic, possibly a new one especially in EU right now, already over saturated market, FED news. etc etc I mean negative list goes on. So once again here we are restesting a previous failure. the previous small dip was the first support break and now coming all the way back up retesting it some more.
Given holidays, world news I am not necessarily bearish yet. I am actually wanting a huge bull move again because there are so many dipped stocks.
Paying for PaypalPayPal is approaching the 382 support after selling off within the broadening wedge pictured.
You can see how price has wedge into the top and sold off somewhat twice on chart's past.
As we near the 382, I expect bulls to favor the price and short sellers to want profits.
This is short term analysis given the wedge may need to fill the bottom to the 618.
If support breaks the 618 below is target for bears.
I want a 236 retest but will let chart control my opinion.
Not trade advice.
DIPS YOU HAVE TO WATCH - DKNG/PYPL/UPST/BIDU/NIO/ROKU/FIGSAll,
BE PATIENT. Let the market do it's thing and get conformation. There is ALOT of money to be made here if you are patient with call options. I see ROKU/PYPL as immediate buys once market turns around. UPST as well but not tons of support.
FIGS id watch every 30m this one is positive ER really undervalued here on serious support basically a wedge. I like FIGS if it holds or breaks below id watch that even more. FIGS whenever it fully stops I will probably take.
A review on Wall Street Bets' Plays of the day!In this analysis, I review the most important Support and resistance levels of the top mentioned Wall Street Bets tickers!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
I think most of you know their plays I too risky and chasing is not recommended!
Rank 1-6:
and my prediction for Today:(this is only valid for today, may need an update soon!)
Rank 7-12:
and my prediction for Today:(this is only valid for today, may need an update soon!)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$PYPL | WEEKLY WATCHLIST 11/15After successfully holding the CRITICAL support level last week, we saw strength come in on Friday. I believe this is just the beginning of something much much larger. I am already positioned long and looking for higher towards the $220+ region this week as long as the lows hold.
W - 275+ BOUND - WAYFAIRAll,
I think W after latest crazy EPS should rebound out of this broadening descending wedge (very bullish pattern) almost a descending speed arc. I see at least $275 at this. This will be the 4th retest which is the one that breaks typically.
1000% EPS is no joke whatsoever. I think personally we see 190-220 in no time, but for now with the market the way it is I see $275 in reasonable/attainable timeframes.
PYPL: Early Dec Major Cycle Bottom?Paypal is setting up for a potential Tesla (May 2019) like move in early December. Structure has an initial 5 wave impulse and now everyone is panic selling back to the original impulse 1 low. We could still move down to the VPOC until then Dec. So far there's no buyers at all so it would be pre-emptive to buy without any confirmations. Looking for for PYPL to meet my confirmations over the next month and if so, we're going to get a really nice long on this one.
PayPal - Ignore the noise - Strong buyRSI indicator showing that PYPL is oversold. We see a rapid reversal.
1D RSI @ 19.
PayPal profit beats estimates, U.S. Venmo users can pay on Amazon from next year
The San Jose, California-based digital payments company's net income rose to $1.09 billion, or 92 cents per share, in the three months ended Sept. 30, from $1.02 billion, or 86 cents per share, a year earlier.
On an adjusted basis, PayPal earned $1.11 per share, above analysts' average estimate of $1.07, according to IBES data from Refinitiv.
Net revenue in the third quarter rose over 13% to $6.18 billion.
WATCHING $PYPL Still on track for 179WATCHING $PYPL Still on track for 179
Still on track since last post...
MacD signal line just touched the centerline. This should give PayPal momentum to move lower. I have alerts set at the EMA and for the centerline cross back up. This is good... a move down will actually be more bullish in the long term...
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$PYPL PayPal under heavy fire, where is the bottom??Paypal got destroyed over the last couple of months, after it made it's double top on July 26th.
It has lost 35% of its value since then.
Paypal gapped below the support at around 222ish$ today and that triggered even more selling, since that support held for almost a year now.
The next area, where i see heavy support is at around 184-190$
I feel like that support must really hold, if we for example would gap below that support too and keep selling off,
there is a gap that would be closed at 130$.
Overall, the $PYPL chart really got some technical damage done to it, and it will need some hard work of the bulls to repair that damage.
We ripped a big down gap today, so i expect somewhat of a recovery rallye, also to work off that oversold RSI, but i would not be surprised, if we see another leg down in the $PYPL chart afterwards, since there's alot of fear in this stock now, and holders might use a recovery rallye to rebalance $PYPL in their portfolios.
Definetly not the stock, that would blindly go long on now, just because it got sold off, there's potentially a lot more selling to come in $PYPL
PYPL cheaper relatively to average price than it has ever been#pypl is a strong buy. 30% down from average yearly price, currently sitting below the average price paid this entire DECADE. IT is 25% down from the 200 EMA, in the entire history of paypal it has never been this low relative to the 200 average. This is an easy buy. Current fair price is $260. Fear mongering for cheaper tute shares. Don't listen to donkey brain bears who started trading this year. I am in heavy at 15% of my portfolio personally. Not financial advice.