Paypalstock
PAYPAL correction and price levels LONGPYPL reached ATH, but if the trends should stay healthy, we should go through some price correction.
I know it is a good STOCK with significant potential. The price is going higher because of the covid situation and payouts for freelancers, but I am selling now, and I am gonna wait to buy again for a better price. The growth of profit has already been included in the price of PAYPAL stock.
ENTRY LEVELS LONG:
$263
$254 STRONG BUY
$224 STRONG BUY
PayPal SHORT swing - PYPLPYPL stock is reaching BIG RESISTANCE around $253. It is a good opportunity to realize your profits before a possible correction. If you want to short, the target price for SHORT profit is $207. I recommend PayPal price around $200 as a good entry-level to BUY this stock if you want to hold it longer. A price of around $180 should be perfect to jump on the train with a bigger position.
PYPL LEVELS:
$253
$242
$207
$200
$180
Paypal Breaks Covid-19 Bull Flag!Paypal breaks the Bull Flag since the Covid-19 V-shaped recovery, and has now huge upside potential.
On the Weekly already, we could see the nice EQ zone between 215 & 175 forming, another rejection at the tops & subsequent break would've been preferable, but it's ok.
As long as the bulls can keep the momentum now, we are looking 240 and potentially beyond.
This trade would be invalidated, if we fake-out and come back into the EQ. We have a clear Daily HL at 206 to watch out for in this case:
Happy investing & trading!