2PP trade ideas
PAYPAL HOLDING Short PositionWe expect that the price will decrease to the support level gradually. After rising wedge broke down, the Heikin Ashi candles show us that the price started to decrease. Moreover, MACD and DMI indicate that the price will decrease. Further, Divergence for many indicator shows us that 102 resistance level was selling time.
Entry, stop-loss, and target levels are in the chart.
#PYPL short ideaHello dear Traders,
Here is my idea for #PYPL
Price below purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
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PayPal Hot Stock PayPal was super bullish because people were spending during pandemic. Now everyone is back to work and the stock crashed hard as long with tech stocks like Upstart and Affirm. Will the stock keep going down? Here is the resistance and support I think we should watch.
If PayPal breaks support at $69, it will slide to $42 like butter.
PayPal ready to rocket PayPal on Daily is showing two breakout patterns in the making...A Cup and Handle and an Ascending triangle...
We need the price to first break above $104.00. Then the next target will be easily at $134.45.
Few concerns:
1. Price is still below 200MA - which signals a bear market
2. The price could be consolidating before further downside
But overall I'll be Bullish Bias once the breakout occurs. Thank you for the request. Let me know if you need any other analyses.
Flag/Earnings WarningThis flag almost became too heavy for it's pole. The flag should not become as long as it's pole.
A flag is a neutral pattern until it breaks a trendline with conviction.
This is not to long entry level. Jumping the gun can cost folks money sometimes. This flag has not cleared resistance.
Earnings are coming up soon so it may stay inside the flag or even break down if market falls again.
No recommendation. Be safe.
UPDATE on earnings: The market is forecasting a 14% YoY decline in earnings per share.
The most fundamental issue that PayPal is dealing with is the slowing of net new active account growth in 2022. Part of the reason for the slowdown in account growth is that PayPal has cleaned up its books and deleted a large number of ghost accounts.
PayPal's net new active account growth is slowing, with inflation cited as a top concern for financial companies, including Fintechs.
I see conflicting dates on 5 different sites that I looked on to find the actual earnings date and all 5 sites conflicted. I can only say earnings will be announced late October or by mid November.
If the market continues in an upward direction, then there is no telling what can happen. I feel deep down this move up is a temporary one that may leave a few folks crying in their beer, but it has been a ferocious rally so far.
Short on Paypal. PYPLStart of B Wave.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
PYPL beautiful bounce?I really love the bounce from the 100 MA (D) nice nice nice. HOWEVER, don't like the volume I was expecting something bigger that goes with the size of that massive candle.
Hmm expecting a retracement between those two green lines.
I really like @PYPL but I would like if @pypl goes down to the $81.~ area. ending wave 5. and then to the moon 🤣
"This is only my personal opinion. I am not a trading/finance adviser."
paypal (pypl) on bullish trendPaypal (PYPL) shows a very clear picture in the chart structure. We have two possible scenarios here, whereby the alternative scenario only has a probability of 20% due to the sell-offs.
Thus, I assume that Paypal saw the low at $68 on June 29 and has been in a wave (1) since then, which was completed August 16. Since then, the stock has been building a clean a-b-c correction, where the c should bottom in the area between the 0.618 retracement ($81.36) and the 0.786 retracement ($75.52), and then sustainably rise in a wave (3).
PYPL Paypal Trade Idea of Day - $100, Gap at $140 $90.55 Buy0. Notes to follow;
PayPal added to 'US 1 List' at BofA
PayPal added to 'US 1 List' at BofA 06:48 PYPL, V BofA analysts added PayPal (PYPL) to the firm's "US 1 list" and removed Visa (V) from the list, though noted that Visa remains Buy-rated. The firm identifies the "US 1 list" as intended to represent a collection of its best investment ideas that are drawn from the universe of Buy-rated, U.S.-listed stocks covered by BofA Global Research fundamental equity research analysts.
Bullish flag on the dailyOkay, let's see what we have here.
A massive "Bull flag" has formed on the daily chart, which is normally a bullish sign, but...
But these are not normal times, as the NDX (Nasdaq 100 index) alone has lost more than 7% in a week.
Any bullish pattern can end up as a false breakout, so trading these patterns requires precaution.
So lets collect the bullish and the bearish signs.
In addition to the massive bull flag, we have weak bearish momentum on the MACD and a hammer candlestick, which is typical of the reversal.
And PYPL managed to close above the P daily Pivot Point.
As for the bearish signs, we have a tanking RSI that still has room to fall.
We just closed below the S2 weekly Pivot Point.
The indexes should also be mentioned as danger.
If they tank, they will likely to drag PYPL with it (even if it is bullish).
In summary, there are both bullish and bearish signs.
It is worth keeping an eye on where it is heading before you start trading.
Resistance: 99.67, 102.65, 111.6
Support: 90.03, 84.9, 76.17