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jacobosiason7

Falling Wedge - Earnings Play (Update)

Long
PayPal Holdings, Inc. (NASDAQ:PYPL)  
jacobosiason7  
NASDAQ:PYPL   PayPal Holdings, Inc.
Trend Analysis Technical Indicators Chart Patterns Bullish Patterns supply_and_demand gap gap_fill falling_wedge hidden_divergence fib breakout
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trendanalysis indicator chartpattern bullish supply_and_demand gap gap_fill falling_wedge hidden_divergence fib breakout
PYPL has been trading sideways for quite some time now after selling off after earnings. PYPL's holding a big falling wedge going into earnings with bullish hidden divergence on the RSI, multiple gaps to fill on the upside and is also in oversold territory. Earnings plays are always a gamble in my opinion. Personally am bullish and will be looking for a breakout from this wedge and for PYPL to go for the gap fill on the upside (Broader Market Conditions Permitting), please exercise your own due diligence given that it is an earnings play- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime-

- Falling Wedge on the Daily, 4-Hour, and Hourly Timeframes
- RSI Oversold
- Bullish Hidden Divergence on the RSI
- Multiple Gap Fills on the Upside

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