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...
See my near term chart for wave 4 breakdown.
5 waves completed on the long term picture We did hit our 2:1 extension, which means that we may expect a pullback now. 100-103 USD, should be a good short opportunity. On the long term i am looking for a pullback to 76 USD
This is fun isn't it? Long then Short :D
eBay, the long forgotten company! Weekly Chart looks good. Although it must break upward resistance around $35.50, it should run higher. Currently, the stock is trading under the cloud. It does not worry us because indicators are turning up, BULLISH Almost every indicator is turning BULLISH MACD - Turning BULLISH RSI - Turning BULLISH STOCHASTIC - Turning...
When looking at the 2008 recession i noticed some similirates. The first wave ended at a 1.618 extension which is also did in 2019. What next? We then had a impulsive wave up, touching the 0.618 extension of the 2nd wave up in 2008. In 2019 we are doing the same, but this time the wave went above the 0.618. It states that wave 2 can reach a maximum 0.786 extension...
PayPal recently gave us a buy signal on the Megalodon indicator. It is important to keep an eye on the earnings coming out at the end of the day on Wednesday. For information on how to use the Megalodon indicator for yourself, send me a message!
Paypal has be bucking the trend it seems, but in my view that looks like an ABC Flat correction, Not financial advice, but it provides excellent trade potential as the stop at the all time high is close by. Looking for 5 waves down, we will be able to squeeze out the structure and timing better as it forms, but April options make sense based on the pitchfork and...
PYPL looks relatively strong compared to the rest of the market. I think a retest of the $89 area is a good entry for a possible U turn back up to new ATHs. Giving it a wide stop.
paypal could make one more move up to 90 to complete the flat, bUT A fall is coming after that. Don't know how far down the fall will go, but surely, it wil fall.
Guys, here I explain why I expect to seeing Stocks and Indexes falling down See you soon, Simone
Hello Guys, As expected and called since few months, I see American market going down. On the next month, the movement downwards will get faster. Paypal Holdings is a short for the next months. First stop at 70 USD, 2nd and most important one at 45 USD. To be noted a bearish divergence on MACD and on a personalized STOCH. See you soon guys, Simone
In my humble opinion, most likely, the stock has finished its correction phase with subwaves ABC in more global B wave. Going short from the prevous fractals which are currently a resistance level.
Here is the optimal buy zone and future exits if playing paypal. Will update as time progresses.