2PP trade ideas
$PYPL end of year strangle...When we started to run last week, we touched $197...now we have the FOMC that is creating alot of anxiety and could end up causing more capitulation. If it doesn't, this thing runs again and I think goes over $200 quick. If not, the downside to the next volume shelf maybe at $140 is pretty far. Into the end of the week going to try a 12/31 $200 call/$170 put both at $1.60, see who wins. Consolidation burns my premiums so looking for movement.
$PYPL relative strength...This is one that has been consolidating and trying to move, so on a day like this I am asking, Why does this have relative strength? Is this turning into a value play from a tech play? Taking note and considering another attempt at a call, but if I do I'll protect myself with something to the downside.
Paypal (PYPL) getting interestingWas doing some weekend homework on stocks my social media followers are into while I watched the last few episodes of Billions and came to NASDAQ:PYPL . I've been watching this stock since it hit my alert at 195.59 in November. The last two weeks of price action have piqued my interest.
On the 30 minute timeframe (which I consider the swing trading timeframe) there have been two potential reversal patterns playing out. The first being an inverse head and shoulder defined by price spikes being bought up... followed by a short term Ichimoku/50% Retracement. The latter presents the favorable risk/reward scenario. Price getting back into the 180s would trigger a tight stop but if price holds this reversal a long term trader/investor would be good for the rise to retest the highs over the next year.
PayPal with possible 25% short-term returnHi Trader,
please see my current idea on the PayPal stock, which is giving us a perfect long entry in order to play this wave 4 retrace. If we hit target one it would give us a return of minimum 20%.
This is no financial advice, just my technical view of the stock market.
RT
Gap Fill- Bullish - UpdatePYPL approaching the end of a big falling wedge that it has been holding on the daily, 4-hour, and hourly timeframes for quite some time now (See Attached Charts Below). Starting to look nice here after holding the 180 mark nicely yesterday amid all the intraday volatility. Bullish and will be looking for a breakout from this wedge and for PYPL to go for the gap fill on the upside (Broader Market Conditions Permitting)- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime-
- Falling Wedge on the Daily, 4-Hour, and Hourly Timeframes
- Bullish Crab Harmonic Formed
- RSI Oversold
- Slight Bullish Hidden Divergence on the RSI
- Gap Fill on the Upside
- MACD Cross on the 4-Hour Timeframe
PT1- $192.32
PT2- $195.95
PT3- $201.41
PT4- $208.25 + Gap FIlled
-4-Hour Timeframe-
-Previously Charted-
$PYPL - Weekly Breakout Continuation (Update)We ended up catching a cute little breakout right above the supply zone as outlined in my last set of charts! Moving forward, we will likely encounter resistance around the red area, therefore there is a high chance I trim half of my position here unless we smash through it.
Above our 200-204 area, it's clear skies until 216, and then afterwards we've got out gap to fill at 228. I think 216 will come a lot quick than people think, so be on the lookout for it.
I loaded both 12/17 200Cs and 12/23 200Cs on the break to trade this move. Everything is going to plan so far, and I'll look to keep you guys posted on how this trade turns out.
I'm a little new to the platform, and wasn't sure how to update my last idea with more in-depth charts, so I apologize if this is against the rules. GLHF everyone!
PayPal. If you count 5 Ws out o C this is one probable trough !Out of many counts out there. If our new Omicron indicator does not flip bearish then this could be it, the alternative is impulsive and we go down more... not likely unless something big happen !!! If this turns to be impulsive down it will be one hell of a crash we are reaching the limits of an ABC Zig Zag we can not go lower than this for a Zigy.
-We can have double Zigy WXY nothing is pointing toward that, nothing pointing toward an impulsive either .
- The only thing we go do is go side ways from here for a while till our Omicron indicator flips really bullish !
PayPal'S Probability of price & time, W/everything else absoluteNothing magic here guys just using divergence since IPO the result of price and time is reflected her on
daily chart. Take into account:
1/ This is ABC Zigy
2/ We are at W5 of C.
3/ This is a trough.
4/ Everything else absolute .
5/ Assuming our Omicron indicator does not flip bearish.
- Otherwise this is not valid
