Is PYPL ready for recovery?

NASDAQ:PYPL   PayPal Holdings, Inc.
n the daily chart PYPL is at its six-month lows sitting on the support /demand zone after recent

earnings which were helpful in showing earnings and revenues holding up. Upside to resistance

is about 25%. The volume profile shows heavy volumes at both the current price and at $75

Any upward price action would likely experience volatility at $7 5 as that is where a large

a number of institutional traders are situated. This is also approximately where the mean long

term anchored VWAP is extending. The MACD indicator's lines have crossed under the histogram

which is now green and positive. They are approaching the horizontal zero line. Trading volumes

have increased since the last earnings and so shares are being accumulated which usually

results in prices rising gradually over time.

I see this as an excellent long trade setup targeting first $ 75 and then $87 just under the

resistance zone with a stop loss in or under the support.
Trade active:
PYPL moving a bit higher. Call option up 16% overnight.
Trade active:
PYPL continuing a slow move higher.
Trade active:
PYPL is heating up trading more than $1B daily with a market cap of $78B means 1% of shares changing hands each day high liquidity low spread content with current position - will take partial profit when contracts' ROI > 100%

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