VISA... SAME AS PAYPAL. SHORT IT!Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets.
Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close. Check out the daily 200 MA's... right at the 0.618 for these stocks. Target here for a leg down.
PYPL
Stne ShortSTNE
position open $34.40
Stoploss $34.75
profit taking : $ 32.50
This is a new company, ipo last year.
similar to SQ/Pypl for merchants.
They have earning coming up tomorrow AH.
There's no doubt that this company will grow but I think they overestimated earning this quarter and find it hard for them to beat estimates.
I'd love to see a real pull back to $27.62 if i were to take a shot at investing them.
PYPL - ForecastPay Pal looking great. Its move to the 100% mark is nearly certain at this point. I would look for rejection at 99.53 area and watch for the pullback to 96.92. area, and if it has momentum look for it to continue to 94.31. Dont get me wrong it could absolutely crush 99.53 and make a drive to 102.14, but wait for closes about that level to confirm. This is NOT FINANCIAL ADVICE, I'm a degenerate.
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
$PYPL PayPal Bullish Hammer Last Week$PYPL PayPal bullish hammer on the weekly chart after steep sell-off last week. Both RSI and MFI now appear to have bottomed. Expecting another strong earnings beat later this week. Next bull run could make a push for the century mark. Targeting $95-$100 area by January.
Note: Informational analysis, not investment advice.
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.