PYPL
MC: 330.47B
ATR: 6.84, Beta: 1.15Key Levels: 271.22, 278.31, 288.51, 296.28, 306.98
The bull case: PYPL's recent changes of its merchant fees, revenue increase at a CAGR of 20.8% in the past five years, 2.1x increase of active accounts, BTC/ third party feature.
Trade Idea: PYPL "W" bottom setup
1.This bullish set-up will likely test the "neckline" of 278.39, where a new price value area >300 will be established if move is sustained
2.Price action has formed/held over 50ma, poised to test sigma1 of the channel
3. 4Hr time frame reflects a golden cross. Look for healthy consolidation & retracement in shorter time frames
4. ER: Q2 July 28, 2021
MC: 330.47B
ATR: 6.84, Beta: 1.15Key Levels: 271.22, 278.31, 288.51, 296.28, 306.98
The bull case: PYPL's recent changes of its merchant fees, revenue increase at a CAGR of 20.8% in the past five years, 2.1x increase of active accounts, BTC/ third party feature.
Trade Idea: PYPL "W" bottom setup
1.This bullish set-up will likely test the "neckline" of 278.39, where a new price value area >300 will be established if move is sustained
2.Price action has formed/held over 50ma, poised to test sigma1 of the channel
3. 4Hr time frame reflects a golden cross. Look for healthy consolidation & retracement in shorter time frames
4. ER: Q2 July 28, 2021