PYPL trade ideas
PYPL looking interesting Hello Traders,
I am looking closely at PYPL as well as SQ in the coming weeks...PYPL is looking interesting sitting on some heavy support/resistance area...It has tapped the 20MA once and is retesting again today with the premarket move up...We have upside potential to test the 50ma with is a 32% gain BUT there is also a possibility that this drops to the real heavy resistance turned support at the $92ish area which is still a 10% drop...Patient you should be - Baby Yoda's...Happy Trading!!!!!!
PayPal, Back to "THE ORIGINAL CHANNEL"After a very significant drop, #PYPL finally arrived to its origin station.
IF price breaks this channel path 2 will be the future.
IF price fails to break this channel path 1 will come.
Since price has already fallen 70% below its high, path 1 is more convincing.
NOTICE:
This is not a financial advice
Trading Idea - #Paypal - waiting for the support level! #PAYPAL BUY, but needs some time to ripe! Patience necessary!
See the most credible scenarios for a LONG entry.
I am waiting for a support level test, since the current downtrend ist fully intact and also gained momentum.
Major support levels are:
Scenario A: 174.00 USD
Scenario B: 140.00 USD
Due to recent huge insider sell offs, I find it not realistically, that we get above 220.00 USD in the near future!
PayPal (NASDAQ: $PYPL) Ready For Reversal! 🤩 #BullishPayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
PYPL: A possible REVERSAL sign on it!Hello traders and investors! Let’s see how PYPL is doing today!
The trend is clearly bearish on it, however, it is reacting nicely today. This reaction came at the right time, as PYPL is trading at a support area, and we are quite far from the 21 ema as well. A reaction was expected, and it is convenient.
We don’t see any bullish structure, and this reaction could be just another dead cat bounce, but if PYPL closes above the red line at 94.54 today, we might see a false breakout from a support level.
In the daily chart, we see that by holding at the $ 94.54, PYPL might trigger a double bottom chart pattern. The $ 113 would be the technical target, however, if it breaks this point, the next resistance would be the gap area at $ 170.
However, this would be a reversal thesis, and since we don’t see a clear reversal in the 1h/D charts, let’s hold this idea for now, and just pay attention to the signs it’ll give us near the support at $ 94.
PYPL looks promising, and I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses.
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$PYPL Time for a reversal?(LONG)
I want to see if it creates a demand in 99$ area, making its way to 100.54.
Next, I want to see it break out and retest that area and make a leg up. I'll enter at the retest or a pull back. Taking any profits if it is nearing resistance.
(SHORT)
Will buy put if it breaks the structure, retest previous support. Theres a good support around 94 - 95 area so that would be my target.
PayPal backs to the beginning of the trend- Fundamentally, PayPal is a stock leader in online payments since 98 its been growing steadily at 10-20% yearly in revenues. SimplyWall.st calculates it at 65.6% undervalued.
- RSI on weekly reached all-time lows on this downtrend.
- Green candle on the lower of the downtrend means reversion
- It just reached the order block where the bull run started, funds/institutional investors might start accumulating around 100-87 values.
- Trend line supporting.
SL at 83 and enjoy the bounce. if we ever got back at highs it's a risk-reward 14:1 for a long-term investment, this is not a trade is something for me that might be held for years.
PYPL LONGHello all, today I wanted to share an idea about Paypal long position
So right now these prices are extremely cheap in terms of the potential of Paypal, so either we could see a bounce to the upside now since we are at a nice support level + MACD cross on daily timeframe + oversold on daily timeframe,
but with the recent news of Paypal removing its services to Russian residents we could see a drop of around 3-5 % on Monday morning... if this is the case then we will just have to observe the price action for a while but if we do end up dropping further a definitive buy would be at 87$, I hope you could share your opinions with me, thank you very much.
Paypal has bounced folks, time to get on board!I've been watching Paypal's long slide downwards for what seems like forever. Well, I am calling a bottom, and I am doing it just prior to today's earnings announcement after close. Here is PYPL on the weekly bars, and here are the reasons for my stance:
1) Double top pattern established. From the height of this pattern we can make a reasonable estimate of the bottom by mirroring it downward from the base of the pattern.
2) Price bottomed right at the 66% (2/3) retracement of the prior large wave's height. Retracements generally fall between 33%-66%, so this reinforces the double top pattern completion stated above.
3) Weekly 200 SMA bounce. As you can see, it bounced neatly on the 200 SMA. This isn't the daily, it's the WEEKLY 200 SMA. This is a very long term line and means a great deal.
4) Weekly RSI is oversold. I listed this last, simply because it's been oversold for a long ass time now. Still, it's one more factor working to build the case for a long position.
The wild card here is earning's..... which come out in like 5 hours from how. This is why I wanted to get this out there. I think the earnings are going to be strong and it's set to jump.
If the entire market turns belly up, though, I will probably exit all long positions no matter how bullish their individual charts may be. It's just too hard to swim against the trend, which may very well be in the process of turning downward.