kambach

PYPL good buy point

Long
NASDAQ:PYPL   PayPal Holdings, Inc
The blue trend line represents a covid-free bear trend that would result in PYPL being around the $220 level.

This pandemic has shown us that online shopping is here to stay, and PayPal's stronghold on the industry will allow for much more growth 5-10 years.

This being said, my chart represents my prediction that we will not be going back to normal any time soon, so I have a 4-6 month outlook on this.

The $220 level will prove to be heavy support should it drop there (I don't think it will).

I believe that PYPL has a good chance to make a run for $300, and if it cannot break resistance then you would be looking at a nice 10-20% return (buy positions...much more with options).

Can also prove to be a good swing play, by hedging covid news. This stock will skyrocket with closures, and your other positions will spike with reopening news! Win win!

Like if you agree, gimme a follow if you wanna see more of my work!



Comments

👍👍
100 coins
+1 Reply
Investor Day Conference comments were excellent coupled with good last quarter results. Looking for retest of 300 into next earnings on May 5
+1 Reply
kambach garycalvo2018
@garycalvo2018, Great perspective, couldn't agree more!
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