PYLP is tremendously undervalued right now, I believe this stock is being manipulated much like SOFI, the weekly demand had a nice buy zone for a few weeks and the stock is looking to be very cheap here. Look at open interest on jan 2025 its over 125,000 contracts, someone knows something. My first price target is 74$ q1 or early q2. The second diagonal resistance...
PayPal Holdings, Inc. (NASDAQ: NASDAQ:PYPL ) has emerged as a stalwart with a resilient foundation, solid brand recognition, and a user base that signifies unwavering loyalty. Despite facing challenges in the past year, PayPal remains a preferred payment method for over 70% of the adult American population, positioning the company for strategic growth in the...
I am starting this analysis with some bias. I feel this company is in much better place than the price suggests right now.
Weekly chart is showing nice accumulation off of 60. Key pivot is still around 68. the longer price stays below, stronger the coil.
I want price to keep pushing to 68 first, then base there a little before shooting off.
I see this...
PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed.
Utilizing Fibonacci retracement levels supported by bullish...
If the market breaks the previous peak, according to Dow's theory, we have the beginning of a new trend, which we observe at the 1H interval.
The preliminary scenario assumes entries at the breakout of this peak. At the same time, it will be a breakout of the EMA average.
Remember, this is just one of many possible scenarios and this idea is for educational purposes.
NASDAQ:PYPL With the recent pull back a new inverse head and shoulder with the neckline at $64, is in play now. $64 is also the 200DMA resistance so it will be harder to break above.
If the stock can close above $64 for at least 3 sessions, it can see further upside.
Breaking below $57 would invalidate the pattern.
Targets:
$64
$71
$76
Downside risk:
$55
tech analysis seems bullish. im no expert. i follow simple markups on charts. ceilings and floors. warren buffet says buy low sell high. when has PYPL ever been this low? years ago.
I think the pain is over soon. Will try to make this one of my larger positions for 2024. Plenty of room to run once this breaks the downward resistance. Will add on dips.
Paypal is currently accumulating and according to WYCKOFF Accumulation Theorem, it will do very well for year 2024.
Attached for your reference.
My opinion is bull.
According to WYCKOFF accumulation, Paypal is in bullish mode and will start to ramp up by 2024.
Didn't plot the line for exact timeframe to hit each target. Will do so when time is available.
PYPL currently is under accumulation according to WYCKOFF Theory. My view is it is currently in bullish accumulation mode. Watch out for 2024, PYPL is a raging bull if WYCKOFF is correct.
My opinion.
Taking a BUY position on PAYPAL to SWING TP AREAS. Aim is to hold position for LONGTERM EQUITY growth as PAYPAL looks to establish its position from here for long-term growth with the launch of its new stable coin PYUSD as well as a newly assigned CEO.
THIS IS A LONGTERM SWING POSITION!
Trade Safe
Yesterday the red candle can be seen as a signal that the price won't rise now immediately. Today Paypal has opened lower despite a small recovery of the overall market.
The window that was open from September 20th to 21st had been closed meanwhile but may be considered as some kind of an exhausting gap in the view back now. I see a consolidation around this level.
