After the crash in early February, the dust has now settled and Paypal
PYPL
has disappeared from the newspapers.
Important: Based on the price action in the following days, we will announce a long trade for our subscribers. Stay tuned!
Even in various investment forums, Paypal has become uninteresting, it seems like the majority of investors have focused on other stocks.
This is a common signal for a stock that it potentially reached its bottom and that the longterm trend begins to shift.
Furthermore, we can observe large transactions by banks and insiders, who almost without exception have increased their positions in the last few weeks.
The behavior of large investors can be observed on the following page.
whalewisdom.com/stock/pypl
We provided investors with detailed articles about Paypal in the past and are excited to do the same in the future.
Technical explanation of the Elliot Wave structure:
In our last article we expected a corrective surge in a wave (iv). We have now changed this expectation and assume that we are already forming a bullish wave 1-2 setup.
After all, the price was able to surge more than 33% since its low at $92 and a promising reversal signal has formed in our indicators.
We observed that paypal formed a complete 1-5 wave structure in it's wave (i), which also supports a bullish reversal.
The price has now established a small (a) and an overshooting (b) wave in the last few days. Now the wave (c) should move towards $104, where the important 61.8% retracement is located.
In this area, the price should stabilize and wave 3 should start.
If the price makes it above the last high of wave (i) at 122.79$, the price target of wave (iii) will be unlocked. We expect that wave (iii) will easily reach $153 or more, depending on the volatility.
The movement of paypal has to be observed very carefully to spot possible changes in the chart formation.
The important support at 92.28$ must not be breached, otherwise the bullish wave 1-2 setup is invalidated. Likewise, this would mean that the price would establish new lows below $90.
Disclaimer:
According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
===============================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
PYPL
has disappeared from the newspapers. Important: Based on the price action in the following days, we will announce a long trade for our subscribers. Stay tuned!
Even in various investment forums, Paypal has become uninteresting, it seems like the majority of investors have focused on other stocks.
This is a common signal for a stock that it potentially reached its bottom and that the longterm trend begins to shift.
Furthermore, we can observe large transactions by banks and insiders, who almost without exception have increased their positions in the last few weeks.
The behavior of large investors can be observed on the following page.
whalewisdom.com/stock/pypl
We provided investors with detailed articles about Paypal in the past and are excited to do the same in the future.
Technical explanation of the Elliot Wave structure:
In our last article we expected a corrective surge in a wave (iv). We have now changed this expectation and assume that we are already forming a bullish wave 1-2 setup.
After all, the price was able to surge more than 33% since its low at $92 and a promising reversal signal has formed in our indicators.
We observed that paypal formed a complete 1-5 wave structure in it's wave (i), which also supports a bullish reversal.
The price has now established a small (a) and an overshooting (b) wave in the last few days. Now the wave (c) should move towards $104, where the important 61.8% retracement is located.
In this area, the price should stabilize and wave 3 should start.
If the price makes it above the last high of wave (i) at 122.79$, the price target of wave (iii) will be unlocked. We expect that wave (iii) will easily reach $153 or more, depending on the volatility.
The movement of paypal has to be observed very carefully to spot possible changes in the chart formation.
The important support at 92.28$ must not be breached, otherwise the bullish wave 1-2 setup is invalidated. Likewise, this would mean that the price would establish new lows below $90.
Disclaimer:
According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
===============================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
We opened up long positions at today's market open, we are now LONG in paypal!
Aquisitions #1
Date of entry 13.04.2022
Entry price: 102.87$
Price target: 153$ (short term)
Stop loss: none
Keep in mind that the price could still correct to lower levels so adjust your risk accordingly!