Paypal Shark Pattern Long-TermPaypal formed a Shark pattern and close to stop loss, needs to close above $197 to rebound.
PYPL trade ideas
pypl long positionHello everyone
this chart about pypl market
and this show us we can buy it near 194 and hold on 264
Bigger Correction formingA bigger correction like the one before is coming again.
I expect this company to continue correcting in the next few months with a bias of the company thereafter continuing is upward trend.
The pattern formation is an expanding triangle which is a continuation pattern.
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PayPal - Short Term BearishGreat opportunity to buy PayPal share.. the stock is heading downwards...It will rebound to 210 price range and drop again to 195 range which will be a good buying opportunity. This is a long-term investment. Let me know what you guys think
PayPal OverviewFor my own purpose!
For my own purpose!
For my own purpose!
For my own purpose!
For my own purpose!
big area here, paypal must bounce to remain bullish!!!🍿make it or break it spot for pypl, needs to hold this trendline support it has bounced off 4 previous times! if we break we can continue dipping to 175s. target 300+ if it holds as expected.
goodluck! like and follow for more :)
macro trend in effectThis strong trend has been in place for a long time. If broken, vol shelves may attract the price to fill their voids. Keep in mind that the largest volume gaps are lower in sp
Does legendary Elliot like PayPal stock technically?Beside Elliot Wave which is hugely, in favors of buys on this stock. The relative strength index (RSI) of 38 implies PayPal’s stock is a lot closer to oversold territory than overbought territory. By 10 November the RSI has dropped to 22.55.
It would be understandable for investors to want to take advantage of the recent weakness, especially for long-term and patient shareholders that can wait out any near-term weakness.
A quick reversal could result in PayPal’s stock soon testing the $290.00 level and then the $300.00 level. If the rebound is swift, investors will be looking for PayPal’s stock to test its all-time high of $310.16. On the other side, bears will watch if the stock breaks below the strong support at $270.00. It it loses this level, the next support level to watch is $264.00
Please note that the consensus estimates and recommendations are provided by me who dont have the time to track the evolution of the company’s fundamentals over time. They should not be taken as investment advice. These estimates are a reflection of my conclusions and views. They could be wrong. Investors should do their own research before investing in PayPal stock or any other company.
PYPLSeems that Paypal will go all the way to 225 to fill the gap. Above there can make a move towards 243.
If it fails to breakout buy puts at the 225 resistance lvl.
Goodluck!
$PYPL Fib Extension Looking at PYPL, it has broken and held above my 61.8% fib line (214.23). Next level to test would be 217.91 and then 221.60. There is also bullish divergence on the OBV on the 4 hour chart. I am long PYPL from here but will watch to see if it hits resistance at any of my further fib lines.
$PYPL | TRADE IDEAI hope this one excites you as much as me. Called the bounce for 15 points to the upside already... $185 to go.
PAYPAL! We see a bullish corrective pattern thats complete.
We anticipate a bullish wave to resume the trend.
Trade with care use a stop loss.
PYPL - Quick breakdown Using Mark Minervini's stage analysisThis is just a quick analysis that I did up using Mark Minervinni's stage analysis , Looks like a perfect example of a stock that achieved super performance that now is entering the final stage , which is stage 4.
If you have not read Marks books , I highly suggest picking them up , the best of the bunch in my opinion is his " How to trade like a stock market wizard " . Very valuable resource to any traders knowledge base .
One of the most important concepts from Marks book for me was the stage analysis. It's very useful and fairly easy to identify and asses if you know what you are looking for . The logic is that there are 4 stages of a stocks cycle , this is arguably true for most stocks. Even if stocks are not super-preformers, which Mark's book especially focuses on identifying, they will still often follow these 4 stages of movements.
The 4 stages are as follows :
Stage 1 is the neglect phase or "consolidation"
Stage 2 is the advancing stage or "accumulation"
Stage 3 is the Toping phase or "distribution"
Stage 4 is the declining phase or "capitulation"
The Stage 4 or Capitulation phase , which I believe PYPL is currently in , is always accompanied with massive selling volumes , this is very much because institution's have changed their view on the future of the company and decided to stop buying and supporting the share price's advancement . If you look at the monthly charts volumes, the last three months have been predominantly selling with a total volume around 580 Million , which is about half of the float . Obviously there is some brave bulls in this volume still buying but I think that there is a good possibly that around 70 % of that volume will be institution's selling .
Eventually , many stocks do recover from capitulation like this but there is often a second leg down and a longer term stage one will quite often be required to, once again, enter the advancing stage ( Stage 2) . Sometimes, this becomes year's and sometimes the stocks never do come back . I think that once we see a stage 4 setup like this , then we should wait for a stage one to form before considering a long and still a stage 2 or a breakout of a base is a much better setup .
It's important to recognize what stage a stock is currently exhibiting to increase the probability of your long setups and this is probably one to stay away from at this time , perhaps an ok day trader depending on your style but not a safe swing trade or investment at this time .
Just an opinion and the purpose of this posting is simply to share some of the basics of Mark's stage analysis .I want to mention also that Mark's stage analysis method is also very much in line with Stan Weinstein's book as well , which is titled "Secrets for profiting in bull and bear markets ". Stan's book is right up there with Mark's too, hard to pick a favorite of the two to be honest because they both are wonderful and have taught me very important lessons.
One last note , often after a large move up , stocks need some time to digest and thus will form a base , this is similar to a stage 3 much tighter . The best super-preformance stocks do not usually build more than 6 bases during its stage 2 cycle , 4-5 is more common though before stage 3 eventually sets in. Stage 3 has some similar traits to a base but is typically wider and looser price action . Also, although using stage analysis like this helps us to make assessment's of a stocks health anything can happen in the markets , as always . This is just a tiny part of what Mark's books have to offer and he has much more in depth explanation's of it too.
PYPL Weely Options PlayDescription
PYPL moving up into the gap that was created following the earnings release. Not all gaps will be filled, but they give a good clue as to how supply and demand will play out.
I would typically put on a call credit spread for a long position, but this low volatility, lethaly-injected environment lends to being a seller of options.
I am also "hedged" with plenty of long options in case anything goes haywire.
Put Credit Spread
By Expiration
Max loss occurs at any strike under the long put (207.5)
Max gain occurs at any strike over the short put (210)
SL < 210
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 207.5P
SELL
11/19 210P
R/R & Breakevens vary on fill.
Looking to make 26% return on collateral by EOW.
The short put is placed under the opening bar following the post-earnings gap
The long call is placed 2.5 points away IAW collateral requirements, risk tolerance, and R/R.
Manage Risk
Only invest what you are willing to lose
