Sean_S

Sean_S

It might go further down to support from almost exactly one year ago. It goes down first as the EPS missed expectations by $0.01 and the earnings outlook for the coming period worse than expected by analysts. A rebound is probable to happen since a selloff like this is often matched with a rebound and PayPal is also just trying to lower their P/E ratio as some...

Sean_S

Fundamentally the company is just not performing really well, especially since a limited outlook on user growth has been given. Most important was that the base of users would increase in the low double-digit percentages for the rest of the year. Problem overall is that no hard and fast guidance was given during the earnings call. Technically however, we seem to...

Sean_S

Despite the fact it's not overbought and the MACD indicates a bullish signal, I think we have to close the gap before we can make some real jumps and reach for a new all time high. The point where it would close the gap is also a fibonacci retracement which makes sense.

Sean_S

It has been a nice couple of bullish days but rather soon than later the bears will get the upper hand again. A retrace back to the 0.5 fibanacci line is very likely when looking at the pattern since the 'bottom' was hit.