Paypal Market AnalysisG'day Guys
Today let's analyze PAYPAL. Technically, PayPal was consistently bullish since the establishment of the company.
From a weekly perspective, this pair still showing a consistent and healthy bullish rally. This analysis focusing on where the best entry taking advantage of the market correction based on human behavior. There possibility this pair going to create a sideways formation if unable to break the 309.70 area.
For now, in a 4hours perspective. I see the market correction will be created within the 270.00 price level. From here, we will see a clear market structure and moving towards the 309.70 zones.
Let's see what happens next. Take advantage of the market movement and dance with the market.
Cheers
PYPL
PYPL - At a Crossroad !Hello Traders !
It seems that NASDAQ:PYPL is trying to close above the 78.6% Fibonacci retracement level at $290.73.
Last Thursday on Jun 24th, NASDAQ:PYPL were able to close above, however, we didn’t have a confirmation on the next day candle!
Today we have the same scenario, if it closed above $290.73 and we had a confirmation tomorrow, then I think we might head to the all-time high at $309.
Personally, I tend to think that NASDAQ:PYPL won’t be able to reach $309. So, my position is bearish and the next support level is the 20SMA and 50SMA.
Note: this is not a call to buy or otherwise. I am just sharing my own analysis.
Best of Luck !
PYPL attempt to break all time high?Paypal made online payment feasible by allowing 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.
Its price is moving between $234 and $278. Slightly bullish. Aim to break 52 weeks and all time high at $309. The nearest support at $245 or $220, depending on risk appetite.
PayPal. FOMO or how to buy for midterm.Hey friends!
Asset now in the super classic range.
The main driver of growth is the fear of a missed opportunity. "Well, look, the double bottom pattern" you probably could mention. Such thoughts will move the bullish players. But what if we just talk about the growth prospects of PYPL. Big money needs three factors:
1. potential.
2. availability of "fuel" or "energy".
3. fundamental growth prospects.
The probability of the presence these factors closer to autumn is much higher than right now or in July, August. S&P renew the highs. Someone is encouraged that the rates will not be raised, but is this true? The highest inflation in the history of the United States, the highest debt. These are the drivers that can push the index down more than 1000 points in one moment. The growth potential if to buy right now is not attractive for midterm purchases. Most big players off the market. For me best zone to buy is 210-220$ per share.
PYPL to 270?PYPL is looking good. Today it bounced off of support despite gapping down. It was brought to my attention after seeing many large call option blocks come in ahead of earnings. If we get a bounce tomorrow, there may be a lot of money in store. It's near the bottom of its range of the flag, so now is a great entry point. In the most bullish case, I could see it hitting that 278 resistance at the most.
However, in the bear case, we could see more downside to around 255 support. We also opened below the 20 SMA today and got rejected hard by it. Indices are also not looking great recently.
What do you think?
PYPL : BLUE SKY / SWING TRADEDigital Payments remain a strong area of growth, riding on pandemic tailwinds encouraging a move towards a cashless society.
Despite strong pressure from other third-party payment providers, PYPL has the competitive ammunition needed to thrive, driven by its two-sided merchant and consumer network.
Nonetheless, there are some headwinds that investors should look out for which may limit the potential of PYPL moving into 2021.
Current valuations on FY19 numbers reflect a neutral outlook, but the possibility of rejuvenated revenue streams from crypto and pandemic tailwinds can serve to revise estimates upwards.
SOURCE : PayPal: A Protagonist In A Digitalizing World, 10 Jan 2021, BK Tan, SeekingAlpha
seekingalpha.com
$PYPL triangle looks sketchyAt this moment it looks like that $PYPL is forming a triangle, but not sure if it's a triangle in wave 4 or a triangle in wave B - the structures aren't very clear to me, Fibo doesn't seem to quite fit, looks kinda sketchy to me (more like a triangle in B). A nice trading opportunity could present itself in the case of a break to the downside.
Tech Stocks & General Market Weekly BreakdownHey guys, in this video we're gonna break down the bigger timeframe where I'm going to skim through a lot of tech stocks on my S&P500 ticker list.
Going through:
AMZN
ABNB
ADBE
ARKK
BABA
FB
FVRR
DASH
GOOGL
LMND
NFLX
MSFT
PYPL
PLTR
UBER
LYFT
among others. You can let me know what you're watching or post your questions underneath.