paypal (pypl) on bullish trendPaypal (PYPL) shows a very clear picture in the chart structure. We have two possible scenarios here, whereby the alternative scenario only has a probability of 20% due to the sell-offs.
Thus, I assume that Paypal saw the low at $68 on June 29 and has been in a wave (1) since then, which was completed August 16. Since then, the stock has been building a clean a-b-c correction, where the c should bottom in the area between the 0.618 retracement ($81.36) and the 0.786 retracement ($75.52), and then sustainably rise in a wave (3).
PYPL
Paypal: Pay up for thisPayPal - Short Term - We look to Buy at 89.71 (stop at 84.43)
Broken out of the channel formation to the upside. We have a Gap open at 89.63 from 02/08/2022 to 03/08/2022. We have a 38.2% Fibonacci pullback level of 89.84 from 103.03 to 68.51. Preferred trade is to buy on dips.
Our profit targets will be 116.91 and 152.00
Resistance: 103.03 / 117.20 / 122.92
Support: 89.84 / 80.22 / 76.71
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PYPL - Approaching SupportLike many stocks today, PYPL looking to test next support at the 93.5 area. Good for short term entry on EMA21 level and target profit around 100-102 IF this level holds. will look for support and RSI crossover from below 20 to the upside. If fails, could fill down the gap/window to the 90 - 89 area.
Why PayPal ( $PYPL) is one of my TOP long call "position trades"Why I like PayPal PYPL
Back to 2017 levels, pretty much "recession proof" (give or take). It's almost God sent being down at these levels (undervalued/fair value). There are some strikes that are def. set up for nicely profitable positions if chosen correctly, common shares as well. Though I hid a lot of my indicators for a simple view, there is def. a divergence between price and RSI on both the Daily & Weekly, as well as the Monthly looking pretty bottomed out. I am pretty big into Harmonic patterns , but am not going to share my "secret sauce", at this current time.
I will continue to add to my position and average down (as planned) into further out strike dates. I as well will MOST LIKELY play the short term trends as well, but my overall goal is to see at least $115.00 with my "position trade" call contracts.
I typically leaves these "ideas" pretty brief on Trading View as I don't really have a BIG following on here
If you have any questions about my "idea" feel free to reach out!
(This is a repost as I had some community violations I was unaware about)
PYPL: Can Hedgie change fortunes?PayPal
Short Term - We look to Buy at 78.86 (stop at 71.88)
Activist hedge fund Elliot Management reported to have increased stake. Price jumped 6% in premarket. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. We look to buy dips. Further upside is expected.
Our profit targets will be 99.79 and 104.00
Resistance: 100.00 / 123.00 / 154.00
Support: 75.00 / 60.00 / 40.00
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Daily wolfe wave for SQThere is a daily wolfe wave setup that triggered on Jun 21 closing day at 60.52. 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 94.85 which is expected to reach this price target before July 6. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. However, in this particular setup the underlying price of SQ under performs since the price did not achieve the forecasted target defined by the wolfe wave apex. The setup is valid until the stop loss is triggered. Two days after the apex, a daily ttm squeeze formed which is another bullish setup opportunity into Monday and Tuesday.
PYPL DAILY WOLFE WAVE SETUPThere is a daily wolfe wave setup. 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 84 which is expected to reach this price target anytime before earnings. There is also a gap that remains open. If markets trades green, the next few days, then PYPL may experience short term momentum that would attempt a gap fill at 84 before earnings. Stop loss consideration would be at 67.00.
PYPL Buy OpportunityIf you haven`t sold PYPL ahead of earnings:
As much i as i don`t like to work with PayPal on my store due to their high commission fees, i like the October 2017 level of the stock on a P/E of 23.60.
I`m looking for a technical rebound to the $88 resistance.
Looking forward to read your opinion about it.
PYPL - Is there a stock market in Hell?Is PYPL about to find the lowest point in Hell before ascending into Purgatory? I'm not sure how the Purgatory thing works....
This is not a buy recommendation unless you like to suffer the ravages of eternal damnation. If you like that sort of thing buy this stock today.
I'm going to take a wait and see approach to see if it touches the lower channel line.... Maybe hitch a ride at that point to ascend into Purgatory.
PYPL - BULLISH LONG TERMPYPL is an incredible company, revenue growth Y/Y continues to be consistent. We are now valued lower than when COVID hit and earnings were only HALF what they are now. BULLISH DIVERGENCE ON THE RSI ON BOTH THE WEEKLY & DAILY CHARTS. Long term this is an incredible entry in the $70’s-80’s.
PYPL BULLISH RSI DIVERGENCEPayPall share price has been sharply down this year. Investors are scared of a slower growth in e-commerce transactions in the near future.
While a slower growth in e-commerce transactions is possible in connection to the increasing probability of an economic recession in the next 12/18 months the e-commerce percentage of total world wide retail sales is expected to reach 25% in 2025
PayPall balance sheet remains strong and it’s market share as of today represents 50% of the online payment processing environment.
The current RSI divergence both in the daily and weekly frequency signal an interesting opportunity to initiate a long position in PYPL
PYPLPaypal major collapse, could be making a massive weekly head and shoulders.
Currently though bouncing off a weekly double bottom.
Outlook is some more chop into a bounce, beginning the right shoulder.
However, might just start rallying from here. Also not sold that a right shoulder would complete, more of a bounce higher from this level trade.