BASIC INFO:
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Revenue seems to be increasing well over the last few year as well as earnings per share. Earning surprise looks great over the last 4 quarters. Consensus on Earnings per share forecast is strong...
Following PYPL since end of 2016
It on median line of pitchfork (possible up inside this channel trend)
or
Gartley Bull in progress so: 1) OUT till D 0.786 retracement and then 2) IN again for LONG?
Market is "nervous" maybe better cash in and waiting aside?
thanks for feedback
Even PYPL's ER beat, it possibly won't make it to the new high given the strong resistance around 44.5. During last earning report, PYPL jump-off from 40 to 44 and experienced sell-off till now. I have provided two possible paths for PYPL
this is just an idea, tracking this pattern and find that is built on some important lines (structures and trends)
if from A will go to B and then to C I think that probabilities will be more than just an idea.
I also find target that are on same structures lines and stop loss too.
so take it like a test or an idea in progress
thank you for feedback!
PayPal's Earnings Report came out today, you can find the details - Here
In After Hours, price is currently at $40.85, but tomorrow may push through $41.70 and clear towards $42.50.
PYPL is equally attractive in the long-term aspect, this most recent bounce and the next upcoming bounce will really strengthen this upward trend and fuel us into the $50's....
Support from ema50 (Red MA), RSI recently formed a local bottom, MACD near bullish xover, and resistance test near P pivot. If the market turns bearish, an ema50 and $37 support retest likely.
Obey your rules.
PYPL has the appearance of slipping these past few days, but I believe their trend is still headed up, there has not been a lot of recent news on the company to make it swing one way or another, hopefully we can continue to see growth from the company throughout 2016.
I'll be selling with a loss at $36.75-$36.50 if this is not the case and it makes a turn for the worse.
Will need a bit of time to work out this pullback. It may retest ema50 (Red MA) for support again in this mildly bearish near term trend. Be patient and stalk an entry.
in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50
PYPL has been looking more and more promising lately with recent changes to management and the most recent news of plans to acquire Cuban business. However, the recent news seems like a small bubble in comparison to the resistance level it was experiencing the previous week.
PYPL is also very close to breaching it's all time high which could act as another...
