PayPal will PrevailAfter a pronounced downward trend, the PayPal share is bottoming out and has recently recovered strongly from short-term setbacks. These are reasons enough for us to open a long position. We are initially focusing on the area around USD 73, as this coincides with the upper edge of the large gap from May 2023. We expect the price to rise to the $79-$80 area, but we will keep a close eye on the $73 zone and have therefore set a price alert there. If PayPal shares fail to reach the upper edge of the price gap, we will realize accumulated profits or at least tighten our stop.
PYPL trade ideas
PYPL tries down ward resistance and failsPYPL continues to fail at breaking through its downward trend even selling off roughly after trying.
Breaks through its smaller upward trend
Fails twice to break its long term down ward trend
Sells off dramatically shortly after the failed attempts to break through.
Market overall is starting to go into a decline.
We should expect more selling to continue in a longer term time frame.
PayPal: Watchful Waiting 👀Paypal (PYPL): NASDAQ:PYPL
After entering PayPal at around $57, we experienced a notable rally followed by a sharp decline, resulting in our stop-out at breakeven despite initially taking profits. This series of events could suggest the potential completion of Wave ((ii)). However, we remain cautious regarding the possibility of further downtrends. Maintaining a level above $53.35 is crucial to prevent a drop towards the $50 mark. If this support level fails, a significant decline may ensue, potentially invalidating our bullish scenario.
At present, we are refraining from initiating new entries, opting instead to closely monitor market developments. This approach provides us with the flexibility to establish new positions without pressure or adjust our strategy in response to evolving market conditions. ✔️
$PYPL - Things could be turning upNASDAQ:PYPL Paypal is trading inside a descending wedge. It looks like things may be turning up for PayPal.
There are multiple patterns at play:
✅Inverse head and shoulder
✅Multi-year descending wedge
✅Near-term descending wedge breakout
The $60 to $64 area would be a critical resistance area, as it is the area where multiple factors are working against the bulls:
✅POC volume profile resistance
✅50 DMA
✅200 DMA
✅Wedge trendline resistance.
So if the bulls can clear that resistance area, the stock can run to as high as $80 area.
Here are upside targets:
$62.50 - $64
$66
$72
$80
Downside risk:
$53
LET'S PAY WITH PAL Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LET'S PAY WITH PAL 📚
👉 As we can see price is still overall bearish trading inside this falling channel making clean lower lows and lower highs!
👉Moreover, as the price will be approaching our lower massive zone, Demand lining up with 50 round number, where we will be looking for new longs on lower time frame to catch a correction movement.
Until that and as the price will be approaching our upper falling trendline, we will be looking for new bearish movements as a trend-following one. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Falling wedge on the weeklyMarket:
The overall market has been riding high, but we are approaching overbought territory, raising concerns about a correction.
Specifics on PYPL:
On the weekly chart, a big falling wedge pattern has formed, typically a bullish signal. However, PYPL's struggle to break out on January 22 and the fundamental challenges, including decreasing margins add layers of complexity.
Perspective:
I am bullish in the mid and long term, I would be careful. The falling wedge pattern suggests a potential bullish reversal, but risks associated with market correction and internal challenges pose threats.
Target Price:
I see two potential scenarios:
1. In the event of a market correction, PYPL might experience a dip near its 52-week low at $50.23. However, after that, I expect a quick rebound, with a bullish breakout - target at $66.96 (P Pivot) and a further price target of $83.51 (R1 Pivot) post-breakout.
2. There is no market correction and PYPL manages to break out (I personally find this scenario less likely), reaching the P Pivot, but with less momentum.
Support Level:
The support level is at $50.23, (52-week low).
Technicals: ✅
Fundamentals: ✅
PYPL is golden opportunityI am all in on PYPL. it is at 2017 levels. and constantly banking billions in profits.
And since it is election year in so manny countries and the rates falling in 2024,
i think it will be a very lucrative option to capitalize on the increase of consumer demand in the consumer/e-com markets through 2025, despite an up-coming fiat bubble crash into 2026.
e-com will be fruitful this year, so i will also look into SHOP and some fintech securities.
People valued PayPal, THE SAME BUSINESS over $270, and now discounting it at 2017 levels for consistently banking profits and being a preferred method of processing payments through the years.
Interesting data being formed in long term charts $CSCO $PYPL +Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities.
Have been opening them up to Weekly & Monthly charts.
What has been found is quite INTERESTING.
Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data)
NASDAQ:CSCO forming a head & shoulder pattern.
NYSE:AAP severely beaten up but improving technical data.
NASDAQ:PYPL money flow is improving. (nibbling here for entry position)
NASDAQ:INTC improved, kind of like CSCO, dropped & rallied. (Spoke on Intel some time ago & has performed well).
EYES ON PYPL
Should investors begin to eye
PYPL
stock? Large time frames seem to think so.
3M: shows a pin bar candle stick near 44.5 support level. This pin bar candle is telling of a sharp rejection of support zone, implying that price will gradually begin to move in the opposite direction. In this case, up and to the right.
1M: looking here we see a bullish divergence in trend between price vs RSI. Price is down trending, while RSI is trending up... indicating a potential bullish trend reversal near a support level.
PYPL looking juicy, like a nice buy + hold for the coming months.
$PYPL Short Idea We see the NASDAQ:PYPL has gapped down after earnings and breaking our upward trendline. It is currently retesting that trendline as resistance and if rejected this name can be taken short under $55.
Its also notable to mention that the moving averages have crossed signaling downward momentum.
Paypal in the final part of disbelief before a move back to ATH!Paypal is in the final stages of the disbelief phase of this technical market cycle. I truly believe that Paypal can see a 200/400% rally over the next 12/24 months providing that management can start to execute.
Im long here. $200 minimum is my target.
Potential Dynamic Average Price CrossPossible long entry based on the McGinley Dynamic, which is essentially a smoothed MA. This particular length is backtested for max profitability and happens to be at support before the last pre earnings pump. Watching for a breakout above this average still relatively far from next earnings. Five star Morningstar stock at the moment if that's relevant to anyone.
PYPL PayPal Holdings Options Ahead of EarningsPYPL had some events in the past 2 years that determined its price action.
Went down after its CFO left for Walmart:
Had a technical rebound buy opportunity after reaching the 2017 support:
and determined a lot of users leaving their platform after announcing a $2.5K fine for spreading misinformation:
Now analyzing the options chain and the chart patterns of PYPL PayPal Holdings prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $8.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PYPL entry point on the horizonI see an opportunity in this stock due the recent price-over-reaction at the earning call.
The stock has been punished for the lack of good 2024 guidance on earning growth even if both earning and revenue came over the forecast.
In my opinion this remain absolutely a growth-stock but what miss today (and missed as well in the recent quarters) is a good growth story, so market now consider it a value stock.
Management is working on that (I assume they stayed very conservative for 2024 earning for this reason) and I assume that we will have some kind of positive catalists in the very next future.
valuation is low, earning and margin are good as well as free cashflow and we have share buyback as well.
tecnically i see a probable exaustion of the selling pressure began after earnings call in 48-50 zone. that should be good entry point.
PYPL: Might just shock everyone afterall!!Paypal CEO's shocking the world prediction is a meme at this point. it looks like the company cannot do anything right. From the price chart perspective, the story is playing out as it should. As the rest of the market enjoyed a nice rally to local highs and for some significant all time highs, PYPL has put in a leading diagonal structure. As many diagonal structures do, it ends up in a 70-90% retracement, giving up majority of the progress in a very short period of time. For PYPL, looks like the initial selloff might be over and the stock might see a bounce very soon, which is most likely end up failing. Since the first wave was very strong, the second wave might be a bit more structured and may take some time. After the selloff is over and price can stay above $50.25, then it should start a pretty long and strong move upwards that will shock many. I am willing to wait a bit longer to get into this. It will be a change going long on this stock after shorting for the last few years.
$PYPL - Target Price $45 with Bearish ChannelThe downward bearish channel is still intact. There are resistances every time the stock price touches the top of the channel creating opportunities to short. Watch for continuation of selling pressure heading into the gap area which will eventually be filled at around $45. Another strong support is at the $42.58 area.
PYPL sell offPYPL had decent earnings but guidance was light and the market did NOT like it. I am re-evaluating if I want to keep averaging into Jan calls for next year. I still think the company is undervalued relative to the cash flow metrics they present. This formation completely fell apart but this may be a washout.