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.
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...
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 $
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
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...
PYPL has not been participating in the rally that other tech stocks have benefited from. I am not sure why. Price recently hit a long term trend line and bounced. I am less convinced that there is meaningful follow through, but further upside is expected.
Not financial advice.
Paypal moving on strong after suffering a massive stock dump.
Weekly RSI has been consistently climbing. Stock now starting to lift off the October bottom.
10%, 40% and 80% gains looks realistic from here imho.
