$PYPL potential bottom (3/5)Conviction: 3/5
Thesis
Reached trend support (2016)
RSI-D showing potential bullish divergence...
Touched 0.786 retracement too, confluence could be powerful
P/S is high on absolute scale (S&P 500 P/S is about 3), but nearing lows of Feb 2020
Risks
Short history, does not contain last major recession in 2008
RSI-W super low (18) but in historically uncharted territory...