PYPL trade ideas
The bottom may now have been reached for this hard-tested stock.Technical Analysis of PayPal Holdings Inc. (ticker on Nasdaq: PYPL)
PayPal Holdings Inc. (PYPL) has shown a very weak development in recent years, but now several positive technical signals have been triggered for this hard-tested stock.
The share has broken out of a large falling wedge formation (cf. chart), and with that triggered positive technical signals for the further development going forward in the short and medium term.
Furthermore, the 50-day moving average has broken above the 200-day moving average, the so-called 'Golden Cross signal', which indicates that both the short-term and medium-term trend for the stock has now turned from negative to positive.
The share is also in the process of breaking above both the 200-day and 50-day moving averages, thereby providing further positive technical signals for further development going forward.
A large inverse head and shoulders formation has also been established for the stock, and where a break above a now important technical resistance level around USD 68.00 will trigger a strong technical buy signal for PayPal stock.
Then a further rise to around USD 120.00 will be signaled for the share in 3-6 months' time.
The PayPal share is currently around USD 61.80, and the share thus has the potential to double in the next 3-6 months.
What could possibly change the now positive technical picture for the PayPal share would be if it were to break below a now important technical support level for the share around USD 56.00.
With a share price today around USD 62.00, and with a stop-loss if it breaks below USD 56.00, and with a potential for the share in the 3-6 month term up to USD 120.00.
So the stock looks here today like a very interesting investment at today's price level, and with a very good risk-reward ratio.
Double SupportThe lows of 21st/22nd February and 5th till 87th March are the boarders of a support zone now.
The 14th November has built a still open window. I think that the present level is supported enough to wage a purchase.
Today's candle may well become a hammer.
PayPal (PYPL) - Approaching Potential Reversal ZonePayPal has reached our anticipated zone for Wave (ii), respecting the $59 to $57 range. The price action suggests a possible bottom formation, making it a candidate for a potential entry point.
Key observations indicate that the support and reversal zone between $59 and $57 has held and build an EQL there, indicating a possible end to the correction phase. If the price revisits the Point of Control, it could offer another attractive entry point for long-term positions.
However, PayPal remains in a range, making the situation somewhat risky as it hasn't broken out decisively yet. There is a risk that the price could revisit the lower bound around $55.77. Falling below this level would invalidate our bullish outlook.
We are monitoring PayPal closely and will consider entering long positions if the current support holds and the price action confirms a reversal. The Point of Control remains a key level to watch for another potential entry.
$PYPL Small Cap RallyJuly 1 2024 was the absolute best entry for NASDAQ:PYPL for Leaps.
NASDAQ:PYPL the next best entry is a pull back to $59.21, then $58.5. it didn't NASDAQ:PYPL react well from the June 12 CPI/PPI data... but a weak jump this past week. However, a H&S pattern is still in effect, if you believe in such things, but the measure move down on this active HnS patter is all the way down to 51 bucks... but this news may have invalidated it.. Time will tell. Hindsight for President
PayPal - No brainer Hard to get this wrong, great R/R ratio!
Disclaimer: These are not trading signals. Trade at your own risk!
PAY HELL 🔥 🔥 🔥 : $PYPL ANALYSISWell 2024 im gonna be a man of excellence with my publishing accurate posts aint enough im gonna at least present a SWOT analysis of my own thinking
Strength
Large clientele adding its subsidiary like Venmo
Global Financial service so its magnitude isnt limited to US,EU
Household name even among non users
Weakness
Hight commisions
Lacking innovation (they need the fruits of RND baby)
Opportunities
Maybe cementing a digital bank of sorts and adding their clientele to it integrating them by default
Threats
1. ZELLE 0% commissions made by the same banks they were gladly servicing for free (backstab)
2.Everyone doing P2P so too many opps (competition) i theorise in a near future whatsapp business will have a p2p scratch dat it does in brazil and india (just googled to fact check this obvious impending threat)
3.Their declining stock price and alternative investments options will be their own downfall especially when whatsapp pay (whatsapp) has all their clients already using the messenger the convenience of integrating them by default into their financial service woo wheee good luck an easy 1bn clients without trying but for now whatspay aint rolled out worldwide but it will obviously speaking that is
Here is my contrarian analysis to luke belmar i actually shorted it last year from 88 but didnt publish just snapped a pic mid way cause i knew it would come in handy
WHATSAPP PAY the killer of all p2p except zelle which can be used to send million and billions 0%
$PYPL - Close to a bullish reversalNASDAQ:PYPL PayPal is forming an inverse head and shoulders pattern. I believe we are on the verge of a bullish reversal. Watch that VWAP (white line) and 200 DMA (red line) for confirmation. 👀🚀
Weekly hammerLast week closed with a good hammer candle
I suppose price will start recovering next week heading again to 68$ to test a new breakout
Long PYPL on possible wash out lowA good general rule is when we have hyper parabolic rallies like this, if and when we spike out the low of where the rally really started to take off, we usually bottom or make at least a big bull trap rally.
A big wash out, panics the longs. Setups a big bull trap (or low). Worth taking a stab at this now.
$PYPL headint o fill he gap at $51.80NASDAQ:PYPL is in downtrend and likely to fill the previous gap at $51.80. The MA support level is broken now if the price breaks $57 level support it will ultimately reach $51.80.
This is not a financial advice.
PYPL Long IdeaPYPL has been very weak for a long time now. It did have some bullish momentum earlier in the year after an inverse head and shoulders. It dumped on earnings and fell back to the neckline before going on a nice bull run. Now it is all the way back to the neckline again. We saw a bounce already last week and it's sitting right on the line now. I think if NQ rallies, PYPL has a good chance to reverse the recent downtrend. I could see a quick move up to the $72.50 area.
PYPL $40PYPL
Those that thought it was a good idea to buy heavy on this industry leader are now getting smashed.
Looking very weak here.
$40 could be on 🤨.
Not advice
$PYPL to $57 and belowAll support level has been breached. The H&S formation is likely to push price south $57.
Disclaimer:This is not a financial advice.
PYPLA very disappointing stock recently, as the ending diagonal was completed. But it needs time, to frame the 1-2 fractal. Wave 1 looks like a leading diagonal, PYPL may be printing a ZZ in the wave 2. Anyway, price is approaching a strong support level - being 62% Fibo level against the prior impulse. Trade safe
Support And Take ProfitThe viewpoint is that Tesla stock has a clear trend, and based on this price, you can follow it to make further decisions.
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
Bullish on PayPalNarrowed down my entry with Paypal.
After multi-timeframe analysis, I'm looking to hold this bad boy.
Exit as you wish, I mentioned some key levels in the vid.
Enjoy the background noise from my mom and my mother in-law in the background 😂 They're whippin up some breakfast before we go out to explore El Salvador
Build up position in PYPLGreat opportunity to build up a position in PYPL. Technically PYPL is definitely past the bottom, fundamentally it's much undervalued. There is an obvious uptrend is being formed. In anticipation of market adjustment to fair value one expects a significant upward price action.
PYPL making bullish Cypher Harmonic PatternPYPL is in the process of making a bullish Cypher Harmonic Pattern. We are in a zone that could possibly become the bottom, but first we have to establish the bottom. And then we can aim for 3 Golden fib zones for taking profits.
PYPL good entry$57.50 would be a good entry for some great risk reward, acted as support before and convergence with Fib retracement. Potential hidden bullish divergence developing on weekly RSI too. Easy stop loss below February 2024 low around $55.50 (that would mean a lower low and potential downtrend and/or consolidation again) and easy target at the $68 sell wall.
The company is also looking good on fundamental level with its newly announced ads business and appears to be undervalued.
$PYPL Reversal could be nearNASDAQ:PYPL PayPal experienced a vicious sell-off over the past 7 trading days following the NASDAQ:AAPL BNPL and tap-to-pay announcement. I think it is overdone based on unfounded fears of its impact on PayPal.
It could find support around the $59 to $57 area (white line) and potentially reverse the trend. 🙏
$PYPL Thanks $AAPLNASDAQ:PYPL It is amazing how much damage NASDAQ:AAPL can do to a fintech giant with a little side hustle announcement. 😱
It was on the verge of breaking out and apple killed it sending the stock back to Jan 2024 lows within 6 trading session.
Amazing!
Break event point Support "Investors are keeping an eye on PayPal stock prices and the entry points for profit-taking on the downside. Is there still an opportunity to follow?"
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
