2PP trade ideas
PYPL buyPayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders.
Small Descending TriangleThis also measures out on a Fib table to be ABC/D. Stop under C. Target is D. Pattern will most likely reverse when D is reached, if it can even get to D.
Triangles are neutral until broken.
Patterns and especially targets can become extremely difficult to reach in some instances due to the various and multiple resistance levels hanging over many securities right now. If price busts up through one resistance level, then there will be another and another to break for many securities right now. This is one with a ton of concrete overhead.
Earnings are 5-8 BMO. An earnings beat could help PYPL break some resistance levels. Price is above the .886 and below the .786 of the trend up. Fib levels can also act as support and resistance levels.
If I measure for targets and see the pattern calls for a higher target than the next hard resistance zone, I remain cautious.
No recommendation.
Paypal Support and Resistance setupIt seems a quite good setup if it goes the entry price will trigger and if it goes down then too the entry price will trigger. Expecting a play according to the chart and yes stop loss is must
Returning to normal growth2020 and 2021 were anomalies to Paypal's growth pattern due to COVID. Paypal's Net income on annual basis from DEC 2019 to 2022 represents a 1.62% decrease. The last 2 quarters saw strong net income growth over the previous 3 from Dec 2021- Jun 2022. September of 2022 realized 22% growth in net income for the respective quarter of 2021 and 491% Q/Q. Dec 2022 saw 14.9% net income growth for the respective prior year quarter and 30% decrease Q/Q. This could be viewed as the industry and company returning to prior growth patterns.
Paypal is currently valued 30% below where it was prior to COVID with similar fundamentals. Morningstar Rates PYPL as a 5 Star stock at 44% discount. Fair Value of HKEX:135 implies a 24.1 multiple of projected 2024 adjusted EPS.
Paypal is not necessarily cheap right now depending on how you value it, but when comparing several growth rates to the sector median you will see that PYPL valuation risk is minimal.
From a TA perspective, an intermediate trend- mean reversion to recent prices combined with a Fib retracement of 61.8% could see the SP retrace to 190-216 during a period exuberance in best case scenario, barring another pandemic.
Does history repeat itself?Doe's the history become again?
Famous company + 3 Gap's above the head + pass the 150MA average + "Does history repeat itself?" (See Green's area) = A potential increase of 300% for a long term (1-1.5 YEARS)?
The idea does not constitute any kind of recommendation.
PayPal: More Weight! 🏋️Load up – PayPal needs more weight to gain enough downwards pressure! We expect the share to make it below the support at $66.11 and thus into the gray zone between $66.16 and $34.93. There, the course should complete wave II in gray and take off above the resistance at $93.52 afterward. However, there is a 35% chance that PayPal could conquer this mark earlier and skip its visit to the gray zone. In that case, we would consider wave alt.II to be already finished.
PYPL:Buy ideaBuy idea on PYPL as you see on the chart because we have the breakout of the resistance line.Thanks!
PayPal Holdings - What's Happening? What's happening with PayPal?
PayPal is currently hovering around its low estimate according to analyst predictions. The stock isn't seeing much interest despite remaining quite profitable, and despite the U.S likely falling into a deeper recession through the year, expectations of 9% revenue growth in 23'. What're some opinions on this stock and the future of the company itself?
PayPal to find buyers at yearly lows?PayPal - 30d expiry - We look to Buy at 69.11 (stop at 65.31)
Levels below 69 continue to attract buyers. 67.58 has been pivotal.
66.39 has been pivotal.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to buy dips.
This stock has seen good sales growth.
Our profit targets will be 78.51 and 80.51
Resistance: 75.30 / 77.80 / 79.30
Support: 73.00 / 71.09 / 69.00
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New PressureThe window that has opened on January 3rd supports the price now. The ADX is beginning to rise now and despite the small candle body I expect a retracement of the February decline.
It doesn't rush the climb, even though I'm trying to find relatiTrue, it is already out of the wedge shape, and that is a fairly optimistic situation. Maybe it's building a triangle formation now, which is two-way, so I'm just expecting a massive $40, so the -20 percent already jumps to -40 percent, but I'm waiting patiently. I bought it, I'm keeping it.
PYPL | Accumulation phase and bullish reversal expectedFeb 27 2023 - UTC-5 1:00 PM
BULLISH INDICATOR (Feb 27)
1. The significant support channel between 66.77 and 71.86 has been tested thrice in past 9 months.
2. On Daily and 4H Chart, a Falling Wedge is spotted, which is a reversal pattern.
3. After the bottom is hit, the price stayed sideways (Accumulation phase). So after 4th testing of same support channel bullish reversal is expected.
4. From the last swing high and swing low, the price stayed between Fib level 0% and 50%. If the price will rise upward from 50% level then start of bullish trend is expected.
5. Harmonic ABCD pattern is in formation on Daily chart. Another signal for reversal.
BEARISH INDICATOR (Feb 27)
1. A strong bearish rally hit the significant support channel between 66.77 and 71.86.
2. From the last swing high and swing low, the price stayed between Fib level 0% and 50%. There is a possibility the price can break downwards.
3. No divergence on RCI has been spotted yet.
PREDICTIONS
1. Bullish reversal is expected but will wait to enter the Long trade after bullish reversal is confirmed when price will cross Fib level 38.20% (88.20) upwards.
2. Confirmed Long trade will happen when price will break Fib 50% level (95.34).
3. Possibility of bullish trend with trailing stop loss.
4. If the rectangular box is broken on bearish side then, short trade will be considered below price of 64.60.
BIAS 1 = LONG - PLAN A (@ Pending Buy Stop around 95.34)
BIAS 2 = SHORT - PLAN B, (@ Pending Sell Stop around price 64.60)
$PYPL with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $PYPL after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.
50% is not enough? It is not, but Paypal could be one of those stable investments because everybody is using it everywhere in the world, other factor is the use of credit, the people is taking care of the cash and using credit just to see how the economy is performing during the year. At least 50%
PYPL (PAYPAL)- correction continuingPYPL (PAYPAL)- looks like it is continuing correcting at the bottom
PYPL (Major Support Bounce)PYPL PRICE RECAP:
On Feb 2nd, 2022 PYPL sold off to create a massive GAP ranging between $140.57 to $170.76. Ever since this GAP down, PYPL has been in a longterm down trend that has been consolidating into a larger falling wedge formation. PYPL has recently broken out of this longterm down trend / falling wedge. After the breakout, PYPL attempted to make a move to the upside from Jan 27th to Feb 2nd to retest the resistance zone between $90.13 and $92.59. PYPL has now retraced back down towards the support and demand zones near the 2020 lows. This retracement is also a retest of the falling wedge downtrend resistance line turned support. Dating back to 2018, PYPL’s price has bounced from this MAJOR support zone between $68.41 and $73.39 a total of 7 times since then, resulting in some big moves to the upside. Now that PYPL is back at this MAJOR area, it is a great watch for a long term investment opportunity or even a long term LEAPS opportunity. In confluence with PYPL’s price returning to such a strong support zone, price is also within the 78.6% and 88.6% FIB levels, which are very key levels when using fibonacci retracements to make longterm investment decisions. Another piece of confluence is that PYPL has formed and completed a falling wedge at this level, which is a bullish reversal chart pattern. For the final confluence factors, PYPL is displaying bullish divergence on the weekly RSI (shown on chart) as well a possible inverted head and shoulders on the daily/weekly timeframes.
TRADE IDEA:
I am now watching for PYPL to make another move lower between $73.39 and $74.99 to start scaling into some longterm holds. If you have no interest in grabbing and longterm holds on PYPL, you be interested in buying some longterm LEAPS options contracts. If you decide to enter LEAPS do so with an expiration of at least 6 to 12 months out with a first target of $85 0r $90. Stop Loss below $66.17 (break and hold on the daily/weekly)
$PYPL: CEO departing could be bullishNice technical setup and an interesting earnings report. To begin with, the CEO will be departing by year end, which normally is a long term bullish pattern after a huge decline.
Branded checkout maintained E-commerce market share during 2022, and guidance is surprisingly positive if we don't have a recession here: "2023 guide assumes pressured discretionary spend. We see signs of cooling inflation & it's logical to expect rising discretionary spend... but we did not build this into forecasts. Q1 is starting stronger than anticipated with branded checkout accelerating." (Schulman dixit).
There was a substantial risk reduction from cost savings and layoffs (around 600m) which investors will appreciate as a safety net in this environment.
It's been a long winding fall, since the stock peaked in late 2021:
This could be the next $META type idea...Worth a shot.
Best of luck!
Cheers,
Ivan Labrie.
PYPL could make a sharp rally. Same theory being used here as with ARKK and SNAP.
One the low of the trend leg is spiked out, there's the panic exits and this is most commonly a bounce level.
whats paypal going to do once it recovers the 236we've now witnessed some excellent retrace and reaction. will PayPal follow suit?
PYPL is Near Record Low ValuationPayPal (PYPL) stock has come down to the lowest valuation value and come close to record low valuation. PYPL stock is traded near 3x book value. The stock has earn steady stream of income. The price has comedown to the level where it is more make sense to hold it for long term growth. I guess it's a good time to enter the market and hold it now for longer term.
We are using Stock Value Rainbow to evaluate stock valuation based on four valuation metrices: book value, earning, dividend and cash flow. The rainbow color depict the multiples values of all these four factors sum up together. The rainbow above the gray lines represent 1x, 2x, 3x, .., 10x of stock value. While rainbow below the gray line represent 0.8x, 0.6x, 0.4x, 0.2x stock value. The higher the value the more expensive the stock, the lower the value the cheaper it is according to these fundamental or financial valuation metrices.
