Descending Triangle PatternThis descending triangle applies where the price stays at the support level but makes a lower high. it is likely that the price will break the resistance level.
PYPL trade ideas
PYPL Return to Major Trend LinePYPL has seen heavy descent from its ATH
However it still has a long term trend line intact (solid white line)
This point aligns with 0.382 and should be treated as a bottom point for PYPL
Paypal ponziI wouldn't trade this stock at all the fundamentals are questionable at best and the TA looks horrific. Trade groups love to manipulate stocks with little actual value or future because the price can easily drift away from reality and turn into pure speculation. Reality is we could see this stock get short squeezed before its ultimate demise like G. Paypal has no long term future other than being acquired by its competitors possibly.
Long term bear v. short term bull for PYPLClear 5 waves (of a high degree) down + declining technicals suggest more pain to come in the years ahead.
However rebounce to 100+ in the short term should also be very doable.
The 0.618 retracement from ATH is hard to ignore, weekly RSI closing above 24 will confirm the positive divergence.
Wait until the OpEx dust settles on Friday and we should be good to go for sideways to up in the next few weeks/months.
PYPL - Time To Buy The Bounce Indexes - specifically SPX and NDX look ripe for a bounce here and so I have scoured through many charts to find one that has an ideal setup for a bounce.
And so I have chosen PYPL as my favourite and also ROKU as a second choice. There are a few others that I may cover - ADBE and WBD, but I probably won't actually trade those.
Anyhow PYPL is my favourite because -
Its had an enormous 77% collapse.
It has a clean 5 wave impulse with tidy fibonacci. The most relevant is the 0,1,2 1.618 extension which I think is the anchoring fib @ $81.34 and the short range fibs cluster in this area.
9 May weekly hammer and on on the daily there is a morning star candle pattern with gaps wither side.
The wick of the weekly hammer forms a shakeout reversal pattern through Oct '18 support.
Back to indexes and both NDX and SPX are hovering around their 1:1 extensions and if both close above they will close "green" for the first time since March top.
And around the 1:1 fib, a wyckoff accumulation appears to be printing with BC Buying Climax striking the fib and then ST Secondary Test forming a shakeout reversal pattern with the wick of the hammer.
NDX weekly RSI has fallen below the lower band for the first time since 2008!
4H RSI has hidden then bullish divergence coming in.
All these factors add confluence to the potential for a bounce here. If this week's candle does close "green" then I think good chance next week's will also.
And while NDX is in apparent indecision PYPL has been holding the $77 area since the bounce. With price moving sideways, there should be a good chance it is ready for a bounce.
On the 4H chart the low is a hammer and I have placed my stop loss below the hammer + 4H ATR $2.67 = $69.18, to give a little room in case there is a double bottom before moving up. In future with a bit more experience I may use a tighter stop loss to hold a larger position but this will do for now to give it every chance.
And so this is a trade with defined risk of 1%. If it does bounce then I think my target will be the 0.618 $177 retracement where there is also resistance @ $172.
It may also be an idea to wait till next week or until PYPL gets back above the 1.618 @ $81.34 but I think i've seen enough and would like to catch the initial pump. Being early means less potential loss and more potential gain, but with less confirmation adds difficulty. Time will tell if that was the right decision or not. I think it will be but we'll see.
This is a 10:1 RR trade.
Not advice.
PaypalWe expect a higher degree of buyers holding by the pattern of continuation.so we buy in average term
paypal signalhello everyone.
this share will hit 92-96 soon. so open your long position at current price or 77 and then your tp is 92 - 96 and stoploss is closing a H4 candle under 68.
there is a lower possibility to break 92-96 and go to 123 but i dont guarantee that.
dont forget risk management
good luck
PayPal to the nearest targetPayPal to the nearest target at $ 115 and then the 6-month mid-term target at $ 178-180
PYPLWeekly TF suggest that the price is resting at a multi year support sloping TL. SHORT when the TL gets broken with full force
$PYPL Key levels, Analysis & TargetsPYPL Key levels, Analysis & Targets
Price comes down to test at Fibo 78.6 - 88.7%
,and Time frame day born " Bullish Divergences " in MACD & RSI Indicator
Paypal story Looking through my watchlist I think I discovered a handful of opportunities for long-term investment and many of them in the payment system industry.
Long PYPLBuying at 80 on the 76 fib. Have a good support and have early signs of possible holding. Tight stops. 76 breaks suck.
PYPL a good opportunity as market stabilizedPYPL has declined significantly from its peak.
The company has strong fundamentals. The P/E has become far more realistic at 26.
The price has collapsed by over 75 % from its peak.
The price has reached important historical support lines.
Looking at Ffib Retracement if we retrace back to previous resistance there is an upside potential of +65 % on the trade.
There are of course still high risks that the stock suffer more if the overall market conditions remains bearish but the entry point make sense for a long position.
Tech stocks are oversoldVarious tech stocks that boomed during 2020 began to fall at different speeds starting in 2021, with February 8 being the turning point for most. A gradual recovery continued before reaching another peak in mid-July, at which point the crash was continuous and widespread. As of today May 15, 2022, the profits obtained since 2020 have evaporated for this type of stocks. A bottleneck is evident to which they have converged, from my perspective, a change in trend is foreseeable, with Thursday May 12 being the date on which they reached the bottom.
At current prices it could be a great opportunity to go long in this sector.
local trend resistance broken >.<PYPL fresh breakout past trend resistance, nice increase in buying volume as well. now we may see a rally to 82.41-87.69-93.97
Long PYPLWe're at 80. Wow! While I did have this as a possible support/short target I am still quite surprised we're here. I thought we might hold 100 area.
Anyway, all the way to the 261 fib of the topping swing. I'll take a bite. Long PYPL, pretty big position. Tight stop. All the pain might be in the price now.
PYPL - BULLISH LONG TERMPYPL is an incredible company, revenue growth Y/Y continues to be consistent. We are now valued lower than when COVID hit and earnings were only HALF what they are now. BULLISH DIVERGENCE ON THE RSI ON BOTH THE WEEKLY & DAILY CHARTS. Long term this is an incredible entry in the $70’s-80’s.
PYPL BULLISH RSI DIVERGENCEPayPall share price has been sharply down this year. Investors are scared of a slower growth in e-commerce transactions in the near future.
While a slower growth in e-commerce transactions is possible in connection to the increasing probability of an economic recession in the next 12/18 months the e-commerce percentage of total world wide retail sales is expected to reach 25% in 2025
PayPall balance sheet remains strong and it’s market share as of today represents 50% of the online payment processing environment.
The current RSI divergence both in the daily and weekly frequency signal an interesting opportunity to initiate a long position in PYPL
DCA Idea PYPL 5/6/2022Support from years past, can see further downside to next support, but this where is you wan to start
PYPLPaypal major collapse, could be making a massive weekly head and shoulders.
Currently though bouncing off a weekly double bottom.
Outlook is some more chop into a bounce, beginning the right shoulder.
However, might just start rallying from here. Also not sold that a right shoulder would complete, more of a bounce higher from this level trade.
