Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities.
Have been opening them up to Weekly & Monthly charts.
What has been found is quite INTERESTING.
Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data)
NASDAQ:CSCO forming a head & shoulder pattern.
NYSE:AAP severely beaten up but improving...
Should investors begin to eye
PYPL
stock? Large time frames seem to think so.
3M: shows a pin bar candle stick near 44.5 support level. This pin bar candle is telling of a sharp rejection of support zone, implying that price will gradually begin to move in the opposite direction. In this case, up and to the right.
1M: looking here we see a bullish divergence...
We see the NASDAQ:PYPL has gapped down after earnings and breaking our upward trendline. It is currently retesting that trendline as resistance and if rejected this name can be taken short under $55.
Its also notable to mention that the moving averages have crossed signaling downward momentum.
Paypal is in the final stages of the disbelief phase of this technical market cycle. I truly believe that Paypal can see a 200/400% rally over the next 12/24 months providing that management can start to execute.
Im long here. $200 minimum is my target.
I think Paypal will go higher the next weeks. Just like DIS did. It seems like an accumulation phase hat can take longer but for now is a good try to Long from here onwards the next few weeks.
Well 2024 im gonna be a man of excellence with my publishing accurate posts aint enough im gonna at least present a SWOT analysis of my own thinking
Strength
Large clientele adding its subsidiary like Venmo
Global Financial service so its magnitude isnt limited to US,EU
Household name even among non users
Weakness
Hight commisions
Lacking innovation (they...
Possible long entry based on the McGinley Dynamic, which is essentially a smoothed MA. This particular length is backtested for max profitability and happens to be at support before the last pre earnings pump. Watching for a breakout above this average still relatively far from next earnings. Five star Morningstar stock at the moment if that's relevant to anyone.
PYPL had some events in the past 2 years that determined its price action.
Went down after its CFO left for Walmart:
Had a technical rebound buy opportunity after reaching the 2017 support:
and determined a lot of users leaving their platform after announcing a $2.5K fine for spreading misinformation:
Now analyzing the options chain and the chart patterns of...
I see an opportunity in this stock due the recent price-over-reaction at the earning call.
The stock has been punished for the lack of good 2024 guidance on earning growth even if both earning and revenue came over the forecast.
In my opinion this remain absolutely a growth-stock but what miss today (and missed as well in the recent quarters) is a good growth...
Paypal CEO's shocking the world prediction is a meme at this point. it looks like the company cannot do anything right. From the price chart perspective, the story is playing out as it should. As the rest of the market enjoyed a nice rally to local highs and for some significant all time highs, PYPL has put in a leading diagonal structure. As many diagonal...
The downward bearish channel is still intact. There are resistances every time the stock price touches the top of the channel creating opportunities to short. Watch for continuation of selling pressure heading into the gap area which will eventually be filled at around $45. Another strong support is at the $42.58 area.
PYPL had decent earnings but guidance was light and the market did NOT like it. I am re-evaluating if I want to keep averaging into Jan calls for next year. I still think the company is undervalued relative to the cash flow metrics they present. This formation completely fell apart but this may be a washout.
NASDAQ:PYPL Paypal is down more than 10% after ER. If the price close below $56, the inverse head and shoulder will invalidate.
Here are the support levels to watch:
$57- $56 (critical!)
$51
$46
I am not going to rush in. Will wait for the dust to settle.
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