PYPL trade ideas
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.
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
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.
PayPal - that would suck.Whats up friends and brethren of the digital emotional charts of the human responses to fear and greed, plotted in spectacular 3D action.
First impression of PayPal. … . Caught my eye after a big bump today… but this seems more likely, esp if Elon dumping tesla pops the bubble. OMG.
Follow along for more of my visions and narratives… i enjoy sharing them :)
Good Luck, God Speed, Love & Light to all.
Falling Wedge - Earnings Play (Update)PYPL has been trading sideways for quite some time now after selling off after earnings. PYPL's holding a big falling wedge going into earnings with bullish hidden divergence on the RSI, multiple gaps to fill on the upside and is also in oversold territory. Earnings plays are always a gamble in my opinion. Personally am 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), please exercise your own due diligence given that it is an earnings play- 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
- RSI Oversold
- Bullish Hidden Divergence on the RSI
- Multiple Gap Fills on the Upside
Crazy! weekly 20MA still untouched - 43cent calls pre-ERWhen I see this RSI and Stochastic, I know they have to turn up at some point and price had been in oversold levels for a while. I also like the daily chart for a move higher. Price tested daily 50MA and retreated to lows. Falling bitcoin is helping this stock sell. I noticed how cheap calls are and decided to allow a little time on this trade. I used very little capital to buy 20May 120 strike calls for $0.43.
Analysts can be wrong of course, but the majority have price targets over 100 and this stock is definitely oversold. Please note that I do not gamble on earnings, but I will make a low risk trade if I like the technical backdrop. In this case, buying 10 contracts gives me a max loss of $430, and it is perfectly okay to buy 1 call.
Buy PYPL or Jun calls near weekly supportAfter tumbling for weeks, price already made a bullish bounce off weekly support line. See the 3-candle pattern right at the line. Price has pulled back since, so I am ready to take a long position. RSI has bullish divergence and stochastic %D is moving above oversold territory. I like June expiry for calls because it may take a few weeks for RSI to move up to 50 and this allows time to capture a significant price change.