Paypal, a scenario for quick recovery

NASDAQ:PYPL   PayPal Holdings, Inc.
Buying falling knifes is generally a bad idea, but there is a scenario to buy Paypal if it starts to show us strength first. If PYPL bounces up to red arrow @$66.59 first, then I would consider buying it at cyan arrow ($63.44) on a minor correction. Otherwise it's a pass for me. Remember Paypal met analysts estimates and next quarters estimates are already 25% higher YoY. So there is fundamental support for a bounce.
Key financials, levels and ghost feed are all shown on the chart. I am targeting at least $70 for this bounce.
Good luck.

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