PYPL Major Support ReclaimPYPL has reclaimed a major support zone (66.39 - 67.39) on the daily chart. Watch for a hold here over the next week or so to confirm level is still strong. Wait for price action to confirm a continuation of bullish movement.
Trade Idea: Gap Fill play. With a continuation upward, PYPL is set to fill the gap between 69.60 and 74.97. Be mindful of the support turned resistance level at (71.07 - 71.56) of the range above between (71.07 - 71.56) and (77.84 - 78.77) that PYPL traded in before gapping down. Price may reject at (71.07 - 71.56). Watch to take profits here. If price reclaims the resistance of this range and it once again becomes support, you can play the continuation to the high of the range at (77.84 - 78.77) as well as the completed Gap fill at 74.97.
Targets: 69.65, 71.07, 74.99, 77.84
Stop: 66.46 - If PYPL loses this level and holds below the trade idea is invalidated.
PYPL34 trade ideas
PayPal (PYPL:NASDAQ) Strategic Moves and Potential for RecoveryThe Decline in PayPal's Shares and a Potential Turning Point: Analysing the Past Two Years
Over the past two years, PayPal has experienced a significant decline in its share price, with a drop of nearly 80%. However, there are indications that this downward trend may be approaching its end, potentially setting the stage for a recovery.
PayPal's Strategic Initiatives for Growth: Driving Accounts and Payments Volume
Recognizing the need to reignite growth, PayPal has undertaken several strategic moves to enhance its business. These initiatives are aimed at driving the growth of user accounts and increasing the volume of payments processed through its platform. By implementing these measures, PayPal aims to improve its financial performance and regain investor confidence.
Seizing the Opportunity for Long-Term Investors: Potential Upside as a Result of Anticipated Rally
Given PayPal's current situation, this presents an opportune time for long-term investors to consider acquiring PayPal stock. The company's strategic efforts to fuel growth, combined with the potential for a market rally, could lead to a positive shift in PayPal's stock price. Investors who take advantage of the current situation may position themselves favourably to benefit from a potential future recovery.
Conclusion:
PayPal's recent decline in share price may be nearing its end, offering a glimmer of hope for shareholders. With its focus on strategic initiatives to drive growth in accounts and payments volume, the company is taking proactive steps to improve its performance. This presents an attractive opportunity for long-term investors who recognize the potential for a rally in PayPal's stock price. By considering an investment in PayPal at this opportune time, investors may position themselves to reap the benefits of a potential recovery in the future.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
PYPL Testing Upper Wedge LinePaypal is testing the upper line of a falling wedge pattern while recently crossing above all short and long moving averages(8,21,34,50,100) with the 200sma as the last MA to be tested. The short MAs are all rising and have crossed above the 50ma indicating a short-term bullish trend in price.
The PPO indicator show the green RSI line rising, and above a rising purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum.
The TDI indicator shows the green RSI line above 60 and rising which indicates a bullish trend in price, as does the RSI line trending in the upper half of the Bollinger Bands. Going forward we want to see the RSI line trend between the 40-60 levels as an indication of intermediate to long-term bullish trend.
My buy price was $70.63
Stop-Loss(SL) is at $65.26.
No upper target for now as the falling wedge pattern is a sloppy one with the dip in the middle not touching the lower trend line. Will continue to move my stop-loss up as/if price continues to move higher. In general I tend to move my stop-loss orders up as price continues to make higher highs and higher lows. On each new push to a higher high, stop-loss is moved up to the most recent higher low.
Trade PYPL upcoming ER with 75c expired 08/18The 39 analysts offering 12-month price forecasts for PayPal Holdings Inc have a median target of 86.00, with a high estimate of 160.00 and a low estimate of 58.00. The median estimate represents a +21.76% increase from the last price of 70.63.
Who are its peers? SQ, V, MA, FIS, TOST
$PYPL - Could be a reversal if FedNow is priced inNASDAQ:PYPL #PayPal is forming cup and handle inside a descending wedge. It tried 2 times to break through $70 resistance which is the neckline a prior support area. Breaking above $70 would be bullish. Breaking below $62 would be bearish.
Gap to be filled at $75. $75 will be a hard resistance to break through.
Breaking down below $59 would be really bad and it could potentially head to $47-$45 area.
Bullish Targets - $70, $75, $90
Downside risk - $60, $45
ER is on Aug 2nd which could co-inside with the trend line resistance area.
There is a threat of FedNow looming over both Paypal and $SQ. Also Buy Now Pay Later business side is under threats as more and more big players entering the space.
👀ing for now.
PYPL I set this channel range and price point pivot macro focus to the supply. I set a curve channel to focus the movement of accumulation till the red line date vertical line. This green zone is your trade zone as you see you can test up to the supply 174 to 221 but in due time. if there is a potential breakout it can happen within the rectangle focus. Watching the build up and waiting for a double bottom to a lower low spring action for a break out of this accumulation range. We shall see if we break the first 90s resistance to start to make the break away.
This is just my study and a theory and not financial advice.
Enjoy
1LoV3
Asian_Picasso
Lets see what happen, but at least 56% This is interesting, paypal is used everywhere around the world, and all the value gained during the pandemic has been lost, but i think all will be recovered because the use of the credit card is all time high, so, this is a good point to start a position. At the same time there are two falling wedges waiting for a breakout.
Paypal's Time is Approaching Paypal has witnessed quite the depreciation in share value over the last year. We see it all coming to a head after today's close. A wonderful downward Triangle. Within that triangle we have gaps that are outlined in green. There is also a smaller gap on the 1hr time frame that I do believe will be entered once Paypal holds a close over 70. I do use a handful of indicators, but for me, they just simply confirm my ideas and confirm each other. The RSI is showing buying pressure rising. the -DM has been trending downward while the +DM has been rising. ADX is falling which coincides with the ending of a trend, in this case, the -DM.
Move to a 1 hour frame and we have a nice little breakout from the 1D trendline, We see the gap at 70, We see a nice little falling triangle AGAIN formed over the last several days...This is the point where it is my opinion the stock will finally begin to break its major downtrend. Time will tell.
Canidate for a major come back. Tech Safety Play. Venmo1) Lets see if this beaten down stock can return to the 72-77 area and again hold there or maintain ground in the high 60's.
2) I want ribbon compression and eventually a 50 cross thru 100,150 then 2000 day ema.
3) Back test of some structure and a strong rxn.
Fulfillment of these things would be a major buy signal for me. I'm already willing to buy this at these prices regardless. A more engaging trade/portfolio add would fulfill my 3 requirements.
Practice Patience, Know the cycle you are in, realize that 10Y bonds have made a trend break, signifying these markets will eventually reach some real turmoil. Adjust the portfolio accordingly and diversify. Stay aware from YT fear mongers.
Paypal is about to approachi strong pressure !Paypal is about to approachi strong pressure !
This chart shows the daily level candle chart of PayPal stock in the past year. The graph overlays the recent bottom-up golden section and the upcoming strong pressure horizontal line. As shown in the figure, PayPal's stock has shown a jumping upward trend this week, releasing a lot of bullish momentum and approaching the bottom of the short selling gap in February 2023 ($69.53)! In the future, we can use this position as the watershed for judging PayPal stocks: below it, bears dominate, above it, bulls dominate!
PAYPAL BEAR TRAP?
So i already posted this idea under the name "confident user", and because of the good reaction to may trend, i will explain it some more.
So Paypal lost around 14% since the earnings, even though they weren't that bad.
Under the current support level it doesn't look good for paypal beacause the stock was rallying like crazy back in 2016-2017 and didn't create good supports.
For me personally right now is already a good level to invest in paypal fundamentally, but if we break down even more to the 45$ levels it would be actually a crazy opportunity.
Thats why i think that we could see a reaction on this downtrend in my chart, but keep in mind that we got crazy downside still even though i would think its a complete overreaction.
Lets see if Paypal found its bottom here!