PYPL swing longHey all, I've got a potential swing long play on PYPL with a tight stop loss at a fresh 52w low. Let's see how it goes.
2PP trade ideas
PYPL DAILY WOLFE WAVE SETUPThere is a daily wolfe wave setup. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 84 which is expected to reach this price target anytime before earnings. There is also a gap that remains open. If markets trades green, the next few days, then PYPL may experience short term momentum that would attempt a gap fill at 84 before earnings. Stop loss consideration would be at 67.00.
PYPLNot confirmed of a new wave up yet but i think soon. Also divergence on the daily is forming.
On my watchlist to see if its gonna breakout with a visible impulse structure on low tf.
$PYPL longEntered at $74.11, stop is $68.37
This beaten down stock is due for a pull back and the entry looks safe enough for now on multiple time frames.
PYPL possible pullback into larger bounceI'm currently watching PYPL as a possible swing long on a potential pullback into the end of the week to benefit from a potential market bounce that I've been anticipating into the end of July- I think this name provides uniquely beneficial risk: reward potential for a bounce play; I think we are repeating patterns across the board that we made in the lead-up to the march fakeout Rally- made a rectangle around where I suspect we are in said lead-up. Not everything will be 1 for 1, of course, but my convictions through July are that we go higher before the market eventually makes the next leg lower. I think a reasonable price target for said play would be the high 80's. Best of luck all!
PYPL Buy OpportunityIf you haven`t sold PYPL ahead of earnings:
As much i as i don`t like to work with PayPal on my store due to their high commission fees, i like the October 2017 level of the stock on a P/E of 23.60.
I`m looking for a technical rebound to the $88 resistance.
Looking forward to read your opinion about it.
PYPL - Time To AccumulateAlthough I have said PYPL may get down to the 50s a big bounce is coming and NDX has been hanging around a while and also printing bearish RSI divergence.
So considering that indexes often move pre-market and stocks can gap up for the start of a bounce, I've decided I will begin buying this area and down to $50 if it gets there.
Not advice.
PYPL - Is there a stock market in Hell?Is PYPL about to find the lowest point in Hell before ascending into Purgatory? I'm not sure how the Purgatory thing works....
This is not a buy recommendation unless you like to suffer the ravages of eternal damnation. If you like that sort of thing buy this stock today.
I'm going to take a wait and see approach to see if it touches the lower channel line.... Maybe hitch a ride at that point to ascend into Purgatory.
PYPL ideaSimilar to COIN and SQ, PYPL is making a giant wave 2 bottom (note how it landed in the territory of wave 4 of smaller degree). Perhaps the next bull cycle will have something to do with crypto mass adoption and evolution of payments systems.
PYPL - $55 Target On The CardsIt looks like my long term target from back in February of $55 may be on with some overshoot could perhaps go sub $50 ,maybe $47 but not much further than that I think.
Apologies to anyone that followed my previous thread with the back and forth of indexes I did forget to update the thread.
Anyhow with NDX turning bearish again but with bullish weekly RSI divergence I'm now looking to PYPL as a buy for a BIG bounce again.
So somewhere within the drawn fib cluster I think.
Not advice.
PYPL - Charts That Make You Go Hmm 🤔PYPL appears to be base jumping here in complete free fall since the 200WMA fakeout. This is a new trend so RSI readings can be deceiving and is currently a razor sharp falling knife.
The acceleration suggests the next bounce or bottom is still a way off. It will probably get to the 0.618 @ $73 at least but with a little more patience and less FOMO I think it will see $55.
Not advice.
PYPL setup for a SHORTI've indicated:
my ideal area of where I'd like to short PYPL.
my ideal area of where I'd like to place my stop loss.
my ideal area of where I'd like to place my target.
Notes:
As long as the price action continues to settle below the black channel on a weekly basis and does not overcome the teal descending structure - this setup has merit.
If at anytime those structures are settled above, this would be considered a failed breakout.
Bias more on upside. 25th June 2022
PayPal finally reached to the level between 70-80 which I mentioned during March 2022.
This price range is very attractive to add in some position into your portfolio or otherwise for those people who wish to do DCA.
PYPL - Possible bullish reversalAfter a strong bull run for more than 12 months (May 2020 - July 2021), NASDAQ:PYPL has been trending lower. It has respected trendline resistance very well and continued making lower highs and lower lows. Bearish momentum seems to have slowed down and price doesn't seem to go any lower. It has reached the long term support level of 73. It is also forming falling wedge pattern. A falling wedge in a downtrend is considered a potential trend reversal pattern. If price succeeds in closing above trendline resistance with good volume, We could see bullish reversal with target #1 at 123. If it succeeds in breaking that level too, then we could see it go to 175 (target #2).
Views are invalidated if price closes below 73.
$100 soon?Its back to its growth line sitting right on top of it. It can bounce here and hit 100. Happy swing trading !!!
Symmetrical Triangle PatternThe chart shows Symmetrical Triangle Uptrend, this situation occurs when the buyer and seller lose momentum and the market moves sideways and the price movement is getting smaller and smaller. In this situation I see a symmetrical triangle pattern occurs in the uptrend market and expect the price to breakout upwards.
Symmetrical Triangle PatternThe chart shows Symmetrical Triangle Uptrend, this situation occurs when the buyer and seller lose momentum and the market moves sideways and the price movement is getting smaller and smaller. In this situation I see a symmetrical triangle pattern occurs in the uptrend market and expect the price to breakout upwards.
Symmetrical Triangle PatternThe chart shows Symmetrical Triangle Uptrend, this situation occurs when the buyer and seller lose momentum and the market moves sideways and the price movement is getting smaller and smaller. In this situation I see a symmetrical triangle pattern occurs in the uptrend market and expect the price to breakout upwards.
Support & Resistance Pattern For PAYPALChart show the Support and Resistance pattern prediction. I enter the market as a long position, where I buy at the lower price and I predict the price has the potential to continue the uptrend movement and cross the resistance level to get a profit. So when its cross my target price at resistance level, i will sell the stock and exit from the market as a profit.
Descending Triangle Pattern This descending triangle applies where the price stays at the support level but makes a lower high. it is likely that the price will break the resistance level.
Descending Triangle PatternThis descending triangle applies where the price stays at the support level but makes a lower high. it is likely that the price will break the resistance level.
Descending Triangle PatternThis descending triangle applies where the price stays at the support level but makes a lower high. it is likely that the price will break the resistance level.
