Paypal
Respect The Pullback In PayPal Holdings (NASDAQ: $PYPL)PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies. It also offers gateway services that enable merchants to accept payments online with credit or debit cards, as well as digital wallets. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
PayPal (PYPL) AnalysisPayPal has reclaimed a nice trendline
On this chart two points can be compared that are very similar
The first point ends up with bullish continuation, hence we can make the assumption that the second formation, due to it's similarity will act the same
Key comparable areas in corresponding colours.
Be ready for long PaypalI am waiting on a 30-40% price bounce:
✅ We are in the price support zone: 174-200$
✅ oversold
✅ "OK" last Earnings & Revenue report
✅ Huge volume on this dump - reallocation of an asset.
- Buy as close as you can to the 175$ support line. The Second Buy zone will be near 200MA 150$ for today.
Some ideas on the most significant drop in PYPL history.PYPL is on my trading watchlist because, as a growth stock, it has been in a corrective situation for a reasonable amount of time, 284 days to be exact, from February 16, 2021. When we have this type of consolidation, it is easy to look at the past and ask a simple question. How many times did a similar situation like the current one has happened?
As you can see, there are 3 situations, including this one, that we can compare and understand to look for a good spot to develop setups with a goods ods as evolving as expected + High risk to reward ratio.
Let's check all of them.
AUG2015 - APR2017
JUL2019 - MAY2020
FEB2021 - YTD
I don't have a final idea of what I want to trade here. However, I'm certain I will not develop any bullish setup below the current descending trendline. Once the price gets close to it, I will develop the specific filter I'm waiting for. Based on past behavior, if I see a breakout of the descending trendline + a clear filter (not defined yet), I think it is a good opportunity to look for setups with a target on the previous high and beyond. That would mean R/R ratios above 5 or 6 (if we can catch that), and at the same time, we can absorb multiple stop loss, and even if we get it right on the 4th attempt; we still are able to make profits.
Feel free to add any ideas or thoughts about this in the comments! Thanks for reading.
$PYPL | WEEKLY WATCHLIST 11/22Very ugly move for PayPal last week. I have since taken profits on the initial bounce we got from $201 to $215. I hold no options for the time being. Weakness from last week opens up the possibility to see $169-170 get tested before a major low is potentially put in. Be patient with this one and careful catching a falling knife with weakness present.
Paying for PaypalPayPal is approaching the 382 support after selling off within the broadening wedge pictured.
You can see how price has wedge into the top and sold off somewhat twice on chart's past.
As we near the 382, I expect bulls to favor the price and short sellers to want profits.
This is short term analysis given the wedge may need to fill the bottom to the 618.
If support breaks the 618 below is target for bears.
I want a 236 retest but will let chart control my opinion.
Not trade advice.
$PYPL Fib Extension Looking at PYPL, it has broken and held above my 61.8% fib line (214.23). Next level to test would be 217.91 and then 221.60. There is also bullish divergence on the OBV on the 4 hour chart. I am long PYPL from here but will watch to see if it hits resistance at any of my further fib lines.
$PYPL | WEEKLY WATCHLIST 11/15After successfully holding the CRITICAL support level last week, we saw strength come in on Friday. I believe this is just the beginning of something much much larger. I am already positioned long and looking for higher towards the $220+ region this week as long as the lows hold.
PayPal strongly bullish after huge dropAs we know, PayPal's Q3 quarterly have shown a steady growth of the company, which is also trying to open up to collaborations with a giant like Amazon. However, this had an anomalous effect on the markets, where PayPal lost more than 10% in the following days.
At this point, using a Fibonacci retracement with a minimum set in May 2020 (ie when the main lockdowns are over and a "new era" has begun for everyone, including the markets), we note how the decline of these days has reached the famous "61.8%", one of the most recurring and well-known retracement points in the trading world.
Let's add how a company like PayPal has hardly already reached its waning phase, and indeed still has to reach its maximums (introduction to payments with crypto).
I leave the conclusions to you, I only tell you that in my opinion this is the right time to buy PayPal on sale
PayPal - Ignore the noise - Strong buyRSI indicator showing that PYPL is oversold. We see a rapid reversal.
1D RSI @ 19.
PayPal profit beats estimates, U.S. Venmo users can pay on Amazon from next year
The San Jose, California-based digital payments company's net income rose to $1.09 billion, or 92 cents per share, in the three months ended Sept. 30, from $1.02 billion, or 86 cents per share, a year earlier.
On an adjusted basis, PayPal earned $1.11 per share, above analysts' average estimate of $1.07, according to IBES data from Refinitiv.
Net revenue in the third quarter rose over 13% to $6.18 billion.
PYPL cheaper relatively to average price than it has ever been#pypl is a strong buy. 30% down from average yearly price, currently sitting below the average price paid this entire DECADE. IT is 25% down from the 200 EMA, in the entire history of paypal it has never been this low relative to the 200 average. This is an easy buy. Current fair price is $260. Fear mongering for cheaper tute shares. Don't listen to donkey brain bears who started trading this year. I am in heavy at 15% of my portfolio personally. Not financial advice.