Paypal chart has taken a significant change in appearance in the last few trading days, momentum has been the most significant signal that buyers are walking away. If long caution is needed not to be emotional about the stock, if others are selling large orders, it is time to follow the pack. The wise money is already out.
Quite a bit of fomo built in to this stock, technicals matter must when the s--- hits the fan, and that days is coming, market is built on foundation of hope.
ChristopherCarrollSmith
⋅
Those divergences emerged pre-earnings, so I'm not sure how they will play out after the earnings report. PayPal reduced its revenue expectations, but it upped its profit expectations, so the outlook may be better than investors feared prior to the report. I will be very interested to see what happens. The interplay between technicals and fundamentals is always fascinating.