2PP trade ideas
PAYPAL - 3.6 R:R Simple trading ideaTLDR: $250 call EX. 1/21/22 or going long Paypal shares @ ~$188, S/L $171.60. 3.6 Risk to reward ratio.
Lately there has been a lot of chatter surrounding Paypal due to being extremely oversold on high time frames. I took a quick look and the very first thing that caught my eye was hidden bullish divergence in the high time frames. Just for fun I thought I'd come up with a very simple weekly trade idea based off of that.
Let's take a look at teh weekly:
Paypal has finally entered oversold on this time frame. That means a bounce is coming soon, potentially even as early as Monday. Looking at price we can also see that Paypal has broken below the $200 zone which was previously strong resistance. From the September 14th low of $176 to where Paypal is now, the RSI is showing a lower low while price is showing a higher low. This is hidden bullish divergence. Therefore, somewhere between $204 and $176 is likely where it will reverse if only temporarily. The next hidden bullish divergence target would be $86 so I find it incredibly difficult to believe it will dump that far.
Let's take a look at the 3d chart:
Directly in the middle of the $204 and $176 zone, we have the 3d 200 moving average at $188.82. This would be a great area to open a/this trade as 200 moving averages are usually extremely strong pivot points.
And now, the simple concept for this entire idea, the daily picture.
It took Paypal 21 bars (29 Days) to drop from the $250 zone to where it is now at $193.61. So a very simple (test) trade concept here would be to just double the time it took to get down this far for it to go back up. Therefore, this trade idea is specifically meant to succeed within 42 bars. (63 Days)
The trade is quite simple. Going long Paypal at ~$188/$190 via shares with a S/L @ 171.6, or buying a $250 call expiring 1/21/22. Current mark price of that call as of Friday's close is $1.38. (Fair warning, due to the 2M/3M time frames, I don't at all see the $250 strike going ITM within 42 days, but I do believe there's profit to be made.)
If worse comes to worst and the $176 zone breaks, the next (way too obvious, IMO) area of confluence is around $145/$150:
$PYPL - Back to the Scene of the CrimeSince it's large fall from grace, $PYPL has been rangebound from 179 to 193.
We've briefly poked our head above 193, only to get shoved back into the channel and resume trading there.
We're right back at this key 193, and therefore $PYPL is back on watch for us.
A break AND hold above 193 has the potential to take us to to the supply zone at 201 rather quickly. A failed break likely takes us back down the channel to 179.
A GOOD NEW YEAR PYPLLong-term investment, if you come together every day to check the status of your portfolio, this investment may not be right for you.
After the decline of about 42 percent from the last peak "PayPal" reaches the support area that we once again were in November 2020.
The "RSI" changes direction along with an average of 20 indicating us new buyers.
However the stock is below the 200 and 100 averages.
I'm waiting for a $ 200 stock and want to see the stock find support in the $ 200 range and give entry clearance.
* Remember that there is no buy or sell recommendation in the above.
I'm always wrong! So please write me your opinion in the comments.
Wishing you a happy new year and full of opportunities. :)
PYPL had hit rock bottom at the 1H chart and is turning aroundPaypal had fallen almost 40% from the peak and I was actively searching for a potential reversal. Looking at the 1H chart tallied with the 4H chart and 1D chart. I think PYPL is currently reversing its falling trend. Hope I got it right and being able to benefit from the analysis.
Buy@ 191
Stop loss@ 180
Profit @ 226 and 263
Profit to loss ratio : 6
PYPL, 2 HrsNASDAQ:PYPL
PYPL, 2 Hrs,
We have to wait until the Bat harmonic pattern complete then. if we get any bearish sign, then
Short @ 208.25 - 211.79
Sell @ T1: 198.88 , T2: 191.20
Stop Loss @ 218.99
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Please. Read the disclaimer, and do your own diligence.
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DISCLAIMER:
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
PYPL GOOD IDEA SELLI am a consultant for anyone who needs a consultant, I see that PYPL will GO DOWN IN THIS NEXT DAYS
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!)
3, we can work together and try me for one or two weeks to decide to work with you and give you signals about buying or selling
Paypal easy like a piece of cakeMonthly in red , weekly in Blue and short term in Pink
no talk , only action
Monthly low is in, Weekly low is in. Well at least in this speculative market you have to take some assumption, so everything here is in my opinion, do your DD.
BTW stop loss is may be 175
Ideally entry is monthly 50% to 61.8%, that's where we are exactly and now let's take weekly 23.6% level and best part is short term extension in pink is at 210, we will see when it gets there first then another downturn or upward??? you let me know if you are aware. Thanks for your time one more time.
PYPL (PAYPAL HOLDING) WILL MAKE NEW LOWPYPL (PayPal Holding) will rise a little bit and after that, it will make a new low to finish the correction and after that, it will most likely go upside.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#PAYPAL #PYPL #PAYPAL-HOLDING
Strong PRZ on PYPL weeklyI think anything we need is in this chart!
Price is so close to the weekly strong support area, also near to 61.8 of Fibo ret and level 2 of Fibo Time zone. In addition, it is in the oversold area of RSI and touches the weekly MPL. So, I think the price is in a strong PRZ and we can expect a bullish trend.
$PYPL if we go long...Still going to keep coming back to this if we go long. Been playing both sides lately, but yesterday I entered a calendar spread that I turned into a call spread today $197.50/$210 call spread for 12/31. Also grabbed $200 calls at $1.02 before close today. If this can continue the next two days, any call spread into the end of the year could be solid. No reason not to protect yourself with a small put just in case...
$PYPL still setting up as planned, but taking risk off...So far so good, this is a tough one to turn around completely after the downtrend it just had. Going to close out long term with 60% gain, then take a small short term position while the market digests the news from yesterday. Will post any reentry.