So i already posted this idea under the name "confident user", and because of the good reaction to may trend, i will explain it some more.
So Paypal lost around 14% since the earnings, even though they weren't that bad.
Under the current support level it doesn't look good for paypal beacause the stock was rallying like crazy back in 2016-2017 and didn't create good supports.
For me personally right now is already a good level to invest in paypal fundamentally, but if we break down even more to the 45$ levels it would be actually a crazy opportunity.
Thats why i think that we could see a reaction on this downtrend in my chart, but keep in mind that we got crazy downside still even though i would think its a complete overreaction.
Lets see if Paypal found its bottom here!
Comment:
The Stock tried to confirm the bear trap, and get into the falling wedge again, but it acted as resistance and we' re back down. We need to break back into the falling wedge for a long signal.
Comment:
Bear Trap confirmed
