2PP trade ideas
PYPL - One more deep to touch 200 EMALooking for PYPL to go up and down to bounce again at 200 EMA like what it did last March 2020, but will not break the all Time High because of 20MA and 50EMA is sharply pointing down to 200EMA.
Entry: 174.00 or when bounce at 200EMA
SL: 61.8% of Fibonacci Retracement from March 2020 to ATH
TP 1: 23.60% to 38.20%
TP 2: 38.20% to 50%
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$PYPL - Bottom Is In, Breakout ImminentI posted a $PYPL chart earlier in the week and just wanted to post an update!
We seem to have found a bottom of 179, and are struggling to clear 193, giving us two ways to navigate this trade.
I'll be looking to grab 12/17 190Cs in the event we dip back down to 179, OR 12/17 200Cs if we break 193 to the upside and start aggressively recovering.
Buy the dip or play the breakout, both strategies are valid imo. This ticker is a powder keg waiting to explode.
PYPL - could have bottomed outPYPL broke down from a messy Head & Shoulders formation of sorts (head-shoulder-head-shoulder) in Oct and had been trending down strongly since.
It eventually came down to about 180 on 1st Dec last week, which incidentally was it's H&S target and also a possible horizontal support zone here.
However we only see a decisive bounce off this level today, opening with a gap up, leading to the potential formation of a bullish engulfing candle on the weekly timeframe.
With a confluence of factors (H&S target, horizontal suppport and potentially bullish engulfing on weekly), I am fairly optimistic that it could have bottomed out.
I will venture a long today with initial stop stop slightly below $179. Will take partial profits around $225 (a gap fill) and protect remaining positions with trailing stops.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
$PYPL - Support around $181 or fall through and gap fill?Currently resting on a support area around $181. If current support failed, the stock could drop to $141 which is a gap area it left behind last year. In that case a quick gap fill around $129 is possible.
Bull case - $181 support hold and price consolidate or reverse.
Bear case - the price fall through $181 and fill the gap around $129
Which will it be? Time will tell. Whats lacking right now is clear case of bottoming or reversal pattern. Watching from sideline.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$PYPL - Demand Zone BelowI've been eyeing $PYPL for a while now and I think this week will make or break it.
Although we found support right above the demand zone at 179, I believe we may have a kiss more downside left in the tank. I want to see us get to the demand zone before scaling in a position.
If we see 175 and bounce, I'm a buyer. That being said, I will swap to puts if we break to the downside as we've got quite gap to fill below.
PYPL near bottom 12/4/2021When Cramer is pumping, you know it is not the bottom but the bottom is near, like within 15%.
But Cramer pumping will give a short term relieve, so I think PYPL will recover to about $200 then start the next leg down to $150-$160.
I have done some rough evaluation on the incoming/revenue of the company and feel like around $150-$160 is a fair price for PYPL.
$PYPL Is [Paypal -40%] a Great Buy NOW?!By "The Motley Fool"!
I will be talking about PayPal NASDAQ:PYPL and why it might actually be a great stock to pick up during this recent market crash. While being down 40% from its all-time highs, PayPal's business is doing extremely well. You can find the video below, but here are some highlights.
1. Last quarter, the company reported revenue of $6.18 billion, up 13% year over year (YOY), and EPS of $1.11, up 4% YOY.
2. Venmo ended the third quarter with more than 80 million users.
3. PayPal added 13.3 million net new active accounts (NNAs) and ended the quarter with 416 million active accounts.
4. The company announced a partnership with Amazon that will allow its customers in the U.S. to pay through Venmo starting in 2022.
5. PayPal CEO Daniel Schulman recently said that on Black Friday, the volume of buy-now-pay-later transactions was up almost 400% year over year, to around 750,000 transactions in that one day.
6. PayPal ended the quarter with free cash flow of $1.29 billion, up 20%. Over the past four quarters, it generated over $24 billion in revenue, and it is trading at a trailing-12-month revenue multiple of 8.6.
7. The company expects revenue will grow approximately 18%, in the range of $25.3 billion to $25.4 billion, and that it will end the year with more than 430 million active accounts.
8. Price is technically testing a broken wedge that's been extended since Jan 18 and has bounced about 4% so far.
Follow for more similar serious opportunities...
#AHMEDMESBAH
Pull Back Fishing A lot of Patterns!Holy Cow! Took me forever to do this chart!!!!
PYPL fell out of a rectangle and has hit targets 1, plus a few dollars more, to the downside. It is hard to guess with market volatility, whether this will bottom at 180.50 for now which is very close to the 1.618 of the possible Crab that could be forming. If it actually hits the 1.68, it would be a few dollars below 180.50 at 177ish. Price does not always hit the exact place the fib levels fall for any pattern, including harmonic patterns but is nice when price hits it close. It is not a perfect world though. Sometimes folks look for an area of confluence close by the fib level. The bottom before 180.50 is 174.81. If 180.50 does not hold, which it may not, I always look to the next support level or pattern targets levels. I am waiting and watching this closely and setting alerts a long the way down.
There was also an ugly top and the white line is a guesstimate of where the ugly top could go. So far PYPL has broken the bottom trendline of a Rectangle and had also formed a head and shoulders top/ugly top and broken down through the neckline of an ugly top.
Deliberation is a candle pattern where either the red candles get smaller and smaller showing less selling pressure, or green candles at the top get smaller and smaller at the top showing less buying pressure.
If the market decides to hail again, this may likely go even lower. There is a lot of resistance overhead and folks who are stuck up there will sell on any and every rally. To reach targets 2 (in small print above the rectangle) for the possible crab pattern, price would have to break the resistance of the top trendline of that rectangle. I know this chart is probably confusing and apologize as i prefer keeping it simple and clutter free )O: William's Alligator indicates a downtrend still in progress.
No recommendation.
Before Buying Or Selling, Ask Yourself Three Questions..."
- Does hitting my hand with a hammer help?
- What was I thinking?
- How do you get a tan with a flashlight?
(o:
Paypal. Hammered as of late but is it time to buy the dip.Off more than 35% over the last few months and infact down on the year, this appears to be a dip that should be snapped up. The RSI has never been so oversold on multiple timeframes. The fisher is in extreme lows and with the price placed nicely on support. The recent fall has also made a bullish crab. Targets of 234 + 288 then will reassess.
$PYPL with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $PYPL after a Negative Under reaction following its earnings release placing the stock in drift D.
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