I would not even worry about this spread unless PYPL closes above the ATH Neutral to short being that PYPL looks like it's in a channel.
Main signal formation: double bottom Buy 38.66 (neck's breakout) Stop-loss 36.27 (-1 tick under double bottom) Target #1 41.00 Target #2 42.50
If PYPl gaps into a red box, more bearish. Green box, marginally bullish.
PYPL closed below the 200 SMA One could do this with shares or Aug puts
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....
We're getting near where I believe may be a resistance zone, but if a push through $40.50-$40.56 happens, we could see this hitting the $42.00 range!
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...
I loved PYPL bullish earlier. I had a set up 36 limit buy x 35 and didn't keep that open for some strange reason (I think fear?) Dan Walsh entered PYPL similar to this set up. I loved the bullish gap on earnings, I love the volume and this trade should work. THEREFORE, IF the trade DOES WORK (the wager will be I will go skiing in the mountain ranges around...
$PYPL trying to breakout of symmetrical triangle formation here. It's been coiling up for a big move up or down. Make it or break it time definitely worth keeping an eye on.
Let's see if PYPL can retest this pennant pattern break out and roll over bearish.
Caryn says "looks like a rounding top to me" which I agree with. Therefore, IF the stock breaks out and closes above resistance, could move.