PYPL trade ideas
$PYPL: Reversal signal in the daily$PYPL has a nice bullish trend signal, which could be the start of a new bullish trend for longer than one signal in this timeframe, provided it stays up after the target is hit and the projected time duration of the move pans out, forming a new sideways move near the highs, before breaking out again...
Reward to risk here is very good, so it might be a nice play.
Best of luck!
Cheers,
Ivan Labrie.
2 Open WindowsPaypal has gapped up twice. This means that the momentum has rise so fast that higher targets may be envisaged. According to Fibonacci this is still a retracement of the fall from 92.62(the green dotted line). But due to the high momentum and the growing market sentiment I expect a completion of the Fibonacci targets.
PayPal might go upPYPL has formed the Rounding Bottom pattern, which makes upward movements possible, but, what ruins the story is that it is formed below the resistance which makes it harder a bit for it to move higher, but we'll see.
NOTE: Always DYOR, stay cautious to place a stop loss, and trade your own personality.
PYPL | Perfect Entry Point | BouncePayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
PYPL fills out cup and handle pattern.There is a lot going on right now on this PYPL chart.
In the next few days I'm hoping to see the parallel channel fill out to form the Handle on the Cup&Handle pattern. If this comes to fruition, then likely look towards price action to touch the moving average, as well as the down sloping trend line(Major Resistance). Also noting the bottom of the Cup has, and held on major support levels.
The one thing I will note, the cup is a bit sharp, so not as strong of a signal than a more "U" shape, but with the other factors, this could be a great set up.
Trade at your own risk.
January Gainers (PYPL, account up 1%)2nd gainer in January is PYPL . Holding period is 15 days (12/19/22-1/3/23). Account up 1%.
This month till today, my account is up 1.5%, average holding period is 11 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
PayPal touches SMA resistance - Analysis PayPal Holdings' stock (PYPL) rose in the intraday levels, while trying to correct the main downward trend in the medium term, touching the resistance of the 50-day SMA, with positive signals from the RSI after reaching overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the pivotal support of 68.50, provided the resistance of 89.30 holds on.
Paypal stock in a final bottoming processPaypal stock appears to be in the final bottoming process of its bubble crash pattern. While I personally have not owned or traded this stock since July of 2022, the time cycles on the chart have not been changed since that time, and yet continue to show accuracy.
The larger red cycle is a zone, and if the stock pulls back a bit just before earnings, I will be tempted to average in since I missed the smaller white cycle trough that just passed which led to a $10 parabolic squeeze already.