This Chart is crazy, Paypal has been pushed so hard that it is difficult to analyze it. Undoubtedly, it has the potential to give more, however, it seems to me that a coffee break is acceptable.
I see very likely the possibility of a final push to the area of 86.86 during the change between March / April and then a break of trend to the area of 60 between June /...
I am of the opnion we will see a medium-ish pre-halving rally, then a coast through through the halvening until Q4 2016 when the real bubble will kick of. This is in part due to to effects of the supply halving started to being felt, to adoption among merchants and established payment processors happening due to the media exposure that happened from the pre-halving rally.
After the news about Ebay/Paypal/Adyen on January 31st there has been a technical oversoldness and fundamental undervaluation. Paypal reported 131.45B Total Payment Volume last quarter. Next report is on 04/26 AMC. Jury is still out on expectations.
After braking the bearish trend line and breaking the resistance I expect Paypal to get close to $88 very fast....
Update to our previous REQBTC analysis, previously we had an ABCD retracement which has now turuned into an expanding flat and looks ready to go. This is the completion of Wave 1 and 2 and rwady to move into our largest 3rd wave for this first cycle. Trade still valid and running, no stop loss hit, target still valid.
Great long term investment which about to...
PYPL is printing a bullish engulfing hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long PYPL on Monday using a limit (GTC-BUY-LMT) order @ 75.87. I will have three trailing sell stops (GTC-SELL-STP) @ 73.50, 72.55, and 68.60 to protect my initial invested...
BASIC INFO:
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Revenue seems to be increasing well over the last few year as well as earnings per share. Earning surprise looks great over the last 4 quarters. Consensus on Earnings per share forecast is strong...
Even PYPL's ER beat, it possibly won't make it to the new high given the strong resistance around 44.5. During last earning report, PYPL jump-off from 40 to 44 and experienced sell-off till now. I have provided two possible paths for PYPL
NASDAQ:PYPL
It can bounce from the 78% (and this is the fib level for a cypher completion point), already with RSI divergence, but i need to believe the price will respect the structure first, then the harmonic, that said, i am waiting a deeper abc correction close to the structure and also an RSI below the lower band at 20's (oversold)
Safe Trades;
PayPal news seems more likely to be a reason/excuse to pump rather than a catalyst to the temporary bullish momentum in the current bear market.
4 hours RSI today still shows an underlying weakness in the market with its inability to break out of the trend developed over several months since the fall from the 680 rally. We are also hitting an upper resistance...
Paypal has just announced that it will be integrating Bitcoin into the payment protocol with a bit more involvement then previously thought. Paypal's subsidiary Braintree was given the go ahead to announce it's involvement with Bitcoin just recently. The price has moved strongly in wake of the news and continues to move toward key resistance points on our...
