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;
Main signal formation: double bottom Buy 38.66 (neck's breakout) Stop-loss 36.27 (-1 tick under double bottom) Target #1 41.00 Target #2 42.50
Paypal upfork continuing showing bullishness to the upside.
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...