Technical indicators are still showing bulls are still in control.
I am holding this stock in my portfolio and will add more if we can break and close above the yellow line with volume.
PYPL has recently had a nice dip, with the formation of this bowl, upsides are to come as per the regression trend. 0.86 strong regression uptrend. Great long entry. If you aren’t a fan of cryptocurrency ;) Rising wedge also present early.
Bullish technicals
PYPL has struggled to stay above the 200sma, which is still in an uptrend.
Today closing above the 200sma would we the third consecutive day doing so...
Risk reward ratio is 3:1
Bearish technicals
OBV has been trending lower, diverging from what the RSI is telling us.
We have a few layers of overhead resistance.
-----
Keeping on a...
METHOD: Long PAYPAL {price at entry 104.93} via:
+2 PYPL 20 DEC 19 102 CALL @3.40 ; Trading with 0.50 of extrinsic value, with decay only threatening if losing the trade.
STRATEGIES: Using DIS day chart:
The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
The Fisher Transform bounce signal...
Hi, today we are going to talk about the ishares stoxx europe 600 automobiles & parts ucits ETF and its current landscape.
A subsidiary of Paypal named Xoom rolled out today the possibility for its customers to send money to recipients in the U.S for the first time. Due to strategic alliances with Walmart and Ria, now Xoom customers can send cash for nearly 5,000...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
There are mixed signals, with OBV not following the same uptrend as the RSI.
If we break this resistance with above average volume, that would be a great signal.
Pattern still unclear and giving mixed signals. Could be ascending triangle reversal, but is more than likely a bear flag. Watching for signs of confirmation.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
IEO are HOT. RSR is one of them. FA is solid, the team is strong and it is backed by Coinbase. Co-founder of Paypal Peter Thiel is investing in RSR and some other big names as well. Potential could be huge. But for now the team should show case the real benefits of RSR and RSV.
For now RSR needs again some momentum. Perhaps we can see soon some price action to...
Chart says it. We just made a new high which for me means look for signs of trend reversal. As I've said before trend reversal starts when you start closing below levels that brought you to your most recent high. Im looking to get short, if that wasn't made clear. Not financial advice. Trade safe.
OPTIONS PLAY: LONG PUTS or sell calls.
Entry: $108.97-$110.00
Target: $90.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to...
