Paypal
BUY! WEEKLY CHART - BULLISH INDICATORSeBay, the long forgotten company!
Weekly Chart looks good. Although it must break upward resistance around $35.50, it should run higher.
Currently, the stock is trading under the cloud. It does not worry us because indicators are turning up, BULLISH
Almost every indicator is turning BULLISH
MACD - Turning BULLISH
RSI - Turning BULLISH
STOCHASTIC - Turning BULLISH
ON BALANCE VOLUME - Turning Up, BULLISH
ACCUMULATION / DISTRIBUTION Should start moving up after this post!
Position: 30,000 SHARES
PRICE: $34.57 (We took the position on Thursday)
2019 - 2020 RECESSION IS COMING AND HOW TO MAKE MONEY ON ITWhen looking at the 2008 recession i noticed some similirates. The first wave ended at a 1.618 extension which is also did in 2019. What next? We then had a impulsive wave up, touching the 0.618 extension of the 2nd wave up in 2008. In 2019 we are doing the same, but this time the wave went above the 0.618. It states that wave 2 can reach a maximum 0.786 extension before it invalidates.
In 2008 we saw 5 waves down with the the last wave ending at a 2.272 extension. If we repeat history we should be seeing the exact same.
A 2.272 extension of 2019 will bring the SPY to 150.
Also look at the RSI, from 2008, each time it did 2 lower highs, with bearish divergence. Look what we have in 2019? The exact same with, 3 lower highs!
I am confident we should see a crash coming soon, and you should be looking to short stocks.
Firstly we should look at very overvalued stocks. So which stocks am i shorting?
NFLX
AMD
PYPL
LULU
Paypal Pretty nicely setupPaypal has be bucking the trend it seems, but in my view that looks like an ABC Flat correction, Not financial advice, but it provides excellent trade potential as the stop at the all time high is close by. Looking for 5 waves down, we will be able to squeeze out the structure and timing better as it forms, but April options make sense based on the pitchfork and algo target at the .236
Paypal Holdings / First stop at 70, 2nd at 45 UsdHello Guys,
As expected and called since few months, I see American market going down. On the next month, the movement downwards will get faster.
Paypal Holdings is a short for the next months.
First stop at 70 USD, 2nd and most important one at 45 USD.
To be noted a bearish divergence on MACD and on a personalized STOCH.
See you soon guys,
Simone
THE DOWNFALL OF PAYPAL, 67 USD?Sorry, for clickbait but this is my outlook:
I am extremly bearish on PayPal.
The reason for that is a B, extension to 0.618 (Price: 86.50) Meaning that was the top.
Now it should be followed by a C wave, which ends at 67.61 USD.
I will be placing my stoploss at 88 USD.
Rising Wedge Formation: PayPal Holding Inc.Clear sign of a Rising Wedge Formation, Looking to long PYPL with entries around the .786 fib level while s/l placed below the yearly lows. Looking to T/P1 at around the .382 fib level & T/P2 at around the .236 level.
Short-Term Shorts are viable for PYPL marked at 'S?' for those who are interested in trading the trend. Remember the trend if your friend.
PYPL: The New Bank & $80+ PT Range w/ BonusPaypal is and will always be a permanent, financial player. The Venmo acquisition: brilliant. Square, sure, it's growing and has potential. Tell me one person back in 2014 or 2015 that had heard of it over Venmo. Brand recognition and explosive growth make it one of the pinnacles of the PYPL story. Was it expensive at $80? Yes, absolutely. Is it expensive now for what all it has going? Debatable, but I guarantee that it will rise as anything else financially responsible and relevant will.
Technical trading up, over $80 is doable. With a perfect environment and more than likely absurd EC beats, expect a path to $100 if the market is stable and experiencing growth momentum. $100+ prime and over, take your money and sell. Don't be greedy. The Venmo story is real, relevant, impactful and unique. The eBay bs is now absorbed and incompetently understood. No one is thinking of it, so PYPL is a pure, no news related play.