Hello friends
In the share of PayPal Holding, we see the formation of a clear Elliott pattern.
In this share, we see completed wave 1 and 2.
There are two scenarios.
The first scenario is the 5 Elliot wave mode and the second scenario is zigzag.
In both scenarios, we expect the share to grow.
If we consider zigzag, we are currently in wave 3 of C, and if we...
NASDAQ:PYPL Chart looks bottomed - we are expecting support to hold in the 63$ area for a trend reversal and major move to the upside.
Buy: 62$
Targets: 75$, 92$, 112$, 188.88$
Stock : PYPL ( PayPal Inc )
Date : 27 Mar 2024
Trend : Up
preferred Transaction : Buy ( 66.50 $ )
Reasons : The stock has broken out above the resistance level of the upper line of the descending price channel
Technical Analysis success at level : zone ( 87 $ to 91 $ )
Technical Analysis fail at level : 60.40 $
Paypal is gaining upward momentum again after having corrected the rise since March 27th.
Provided that we can overcome the MA there is a good chance to test this years highs again.
Hitting moving average and failed. RSI shows that the recent rally was a bear market rally. Good candidate to short with good RR. First target the yelow zone (although it can drop lower). Still a long way to fall. Long-term chart looks bad too. I will never long NASDAQ:PYPL
To be honest I am not as bullish biased as this project suggests with the succession of higher rectangles ending with the top bigger one, as I find this scenario if not unlikely at least less probable, but I still find the overall potential for this matrix a little intriguing especially if this longer rectangle in this starting position provides some decent follow...
I had expected Paypal to rise. It did but not with the momentum I had expected.
We cannot overcome the MA so that the preferred direction is the downside at moment. I don't expect to much however, as the our friend the trend is still up.
Paypal has had many positive quarters lately and has maintained -by standards- the characteristics of a GROWTH company. Yet, it is not even valued properly. We have yet to reach the proper value, imagine when the market will realize again that they have been mispricing this growth company...
You may ask: ''why has the stock been beaten this much?'' It's all...
Not buying today despite the discount because a gradual downtrend has formed. As long as that pattern holds, it will continue to make lower highs and lower lows over time (doesn't sound fun). That said, if it can eventually break out of the downtrend (which is currently running next to the 50-week EMA), I would consider starting a position (even though it would...
In a significant stride towards reshaping the landscape of cross-border money transfers, PayPal's innovative approach has come to light with the integration of its stablecoin, PayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ), into its renowned cross-border money transfer service, Xoom.
The recent announcement by Xoom, PayPal's international money transfer arm,...
NASDAQ:PYPL
Paypal broke the channel to upside and at support, it has all the possibility to go up above $71.
But the entire market is on downtrend.
Once the market cools down paypal should fly high.
Cheers
Happy investing
Its been down trending for about 2 years or so. $65 seems to be a point of interest. If it holds above $65 and then clears up into the $70s, it could initiate an uptrend. But who knows dawg lol
Good risk/reward idea. Subject to RSI signal if break out then confirm bull wave targeting previous gap then fibo at 1.62% - stoploss will be at 61 which around 8% down from last closing Profit taken at 75$ will gives rewards by 16% approx . it can go higher but lets take it one by one as stock still on down trend since long time and can go lower to around 48-50...
PYPL broke out of long-term channel two weeks ago, but I'm not confident it will get past $68.21 (for now). Looking for a fall-back to the $64ish area next week. The run up has had some strength, however. Will close short position if there's a close over $68.21.
GL
After a long bearish trend, paypal has had a second break out above the 200day ema which has me feeling bullish on this stock. Paypal owns several companies (see tinyurl.com for more reading ).
Short term bearish Double Top with possible retest of the trend line at vertex. This pattern may form an Ascending Triangle. Short term may see some correction into a bullish Ascending Triangle Setup. Must break out over $68 with volume for consolidation breakout and break of downtrend
Hi everyone,
PayPal's stock appears bullish. Earlier this year, in January leading into February, the daily indicators tested the weekly ones but were rejected, causing a price drop. Recently, however, the daily indicators have successfully breached the weekly ones, propelling the price towards a potential monthly test. The immediate target is set at $77. A...
