PYPL Bullish ThesisFundamentals have not changed, now RSI is starting to show strength. Starter at $99. Long term hold
PayPal Holdings, Inc. Shs -CAD hedged- Canadian Depositary Receipt Repr Shs Reg S
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Paypal has bounced folks, time to get on board!I've been watching Paypal's long slide downwards for what seems like forever. Well, I am calling a bottom, and I am doing it just prior to today's earnings announcement after close. Here is PYPL on the weekly bars, and here are the reasons for my stance:
1) Double top pattern established. From the height of this pattern we can make a reasonable estimate of the bottom by mirroring it downward from the base of the pattern.
2) Price bottomed right at the 66% (2/3) retracement of the prior large wave's height. Retracements generally fall between 33%-66%, so this reinforces the double top pattern completion stated above.
3) Weekly 200 SMA bounce. As you can see, it bounced neatly on the 200 SMA. This isn't the daily, it's the WEEKLY 200 SMA. This is a very long term line and means a great deal.
4) Weekly RSI is oversold. I listed this last, simply because it's been oversold for a long ass time now. Still, it's one more factor working to build the case for a long position.
The wild card here is earning's..... which come out in like 5 hours from how. This is why I wanted to get this out there. I think the earnings are going to be strong and it's set to jump.
If the entire market turns belly up, though, I will probably exit all long positions no matter how bullish their individual charts may be. It's just too hard to swim against the trend, which may very well be in the process of turning downward.
PYPL short term reversal If you haven`t sold PYPL ahead of earnings:
then it seems like it has found a support at $95 from which is aiming higher to the $120 resistance.
PYPL - What to expect from Paypal ?Rough day huh? NASDAQ:PYPL
This sentence probably struck the mind of most paypal investors and the majority of wall street several times in the last few weeks.
Many have not expected that the paypal stock would continue to fall after the horror crash of February 2, also the speed of the sell-off has caught many off guard. In addition, the military invasion of Russia in Ukraine came out of nowhere for most people.
Overall, we as Mendenmein Capital and our subscribers can look back on turbulent weeks. The forecast in our last analysis clearly came true and after our warning on February 4, the stock dropped another -23%. At the moment, everything proceeds according to our plan and our elliot wave count is still valid.
See our past update on paypal in which we warned about this harsh correction!
Technical explanation of the Elliot Wave structure:
The main picture of our analysis indicates that we continue to believe that paypal is in an impulsive C wave. Within this C wave we have formed several impulses and are now in the orange wave (v).
Within the orange wave (v), the purple impulse defines the downward trend and we estimate that the purple wave (iii) is now completed. Currently, we expect a small recovery in the purple wave (iv) , which can bring us to the range of $113.78-$125.71 . Last but not least we expect another final sell-off in the purple wave (v) to the $90 to $60 range . This purple wave (v) should start soon and bring the price at least below the last low at $94.5.
The blue box represents our estimated correction target, we are sure that paypal will be ready to start a big reversal after the completion of the C wave.
The chart below shows the complete count of paypal since its listing, we want to show investors that the large cycle wave (II) will be over soon.
We want to offer investors who are familiar with the elliot wave theory the highest possible value. New investors however, shouldn’t be scared off by the complexity of our elliot wave count.
We want to show the massive opportunities that can await investors in the upcoming years. We are extremely optimistic about the future of paypal, we expect that paypal can reach a price target of 560$ in the coming 3 to 5 years.
This price target is calculated based on the elliot wave theory and represents the minimum target of the next cycle wave (III). Until then, paypal still has a stony path ahead and the coming days will show if we are able to break below the $94 level.
If the chart pictures or the described explanations should be unclear you can use the comment function for questions.
We will keep our subscribers informed about upcoming events and articles, feel free to visit our website!
www.mendenmein-capital.com
Disclaimer:
According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
PYPL - buying some shares for the IRAI like it for the long-term and I can't pick an absolute bottom with any level of certainty.
FOMC rate hikes and Putin media headlines will continue to provide day to day volatility, but I'm putting some cash back in.
Believe $PYPL will be trading higher 12 and 24 months out; level of conviction = 80% +
I did buy enough shares so I can write covered calls ... while I wait.
$PYPL #STOCK #NASDAQ #NASDA100 $NASDAQFinally , seems that something good has started here at paypal!
Short term trade !
PAYPAL - Monthly Demand Contacted NASDAQ:PYPL
PYPL has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
PYPL has the potential to rocket with institution demand coming into play. This trade has the potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
PYPL LongPayPal is down from its 52 week high of 300 all the way down to 100. After taking a look at their earnings and financials they look like a sound company and i honestly dont see a reason for this large of a drop in price. right now PayPal is trading at a p/e of only 32 which is very cheap compared to competitiors like SQ and V. as you can see it is currently bouncing off of some old supports and i have taken this opportunity to buy a few shares with tight stop loss just to test the waters of this hopefully recovering company.
PYPLTwo gaps filled on Daily from a few months ago.
Divergence on Monthly chart and found potential support. Long target +160
Paypal rebounding?Seems like paypal started to rebound and is going to test the 120 range. Any thoughts?
PYPL Support and Resistance playIf you haven`t sold ahead of earnings:
Then it looks like a support and resistance play.
My price target is $120.
Looking forward to read your opinion about it.
MARKET CRASH! PAYPAL $PYPL ANALYSISHey all, I know this is some of the first Stock analysis that I have put out on trading view, but for those of you who know me, I have been calling moves in the stock market on point since 2018. Known for:
Called Shocktober of 2018
Called the Crash of 2020 (my call was for 3 days after the start of the crash, since COVID was the black swan catalyst that started its dive).
Called the irregular V-Bottom Recovery for the Crash of 2020.
Called the now forming start of the Crash of 2022 that Ive projected it to happen in Q1 2022, since the start of 2021. This Crash will be an overall trend reversal across major indexes, due to price action reaching a test of a macro scale .618 Fibonacci Extension. I've projected that the crash starting in 2022, will play out a similar style to that of the Bubble Pop that occurred in 1929, except due to the extensive size of the bubbled market we have today, this crash we will see in the market, will make the crash of 1929 look like its little BEEYYOTCH. Shown Here:
Now to jump into this analysis.
OVERALL MARKET ANALYSIS:
After seeing for the first time in a very long time we have seen the major indexes like the SPX , DJI and other indexes all have failed to create a new higher high, despite making a lower low off this recent drop we have seen since the start of 2022. This has started a new downward trajectory for the market, that could lead into the projected crash that I have called to start in 2022.
In addition to the FED re-introducing rate hikes as of Q2 2022, This will just add to all the inflation that is already happening i.e. current currency supply inflation, Consumer price index inflation, supply & demand inflation due to supply chain bottlenecking...
Examples of how inflation is affecting not only the consumers but even the companies producing the products can be seen everywhere. We as consumers continue seeing prices rising with what looks like no end in sight. Manufacturers have been downsizing the products they produce and are still charging more for the same product just packaged a bit smaller now.
For example Gatorade used to have the 32floz bottle size and used to be able to get them 2 for $4. Nowadays you will not see the 32floz size and instead you will see a 29floz bottle size and most commonly I see 2 for $6. Many products have been doing this to be able find extra product within the product they already produce and now use a slightly smaller container which both help cut some costs for the company while being able to produce the same product.
NASDAQ:PYPL CHART ANALYSIS :
Due to the major indexes making that lower low and then coming back with a lower high, this has started the downward trajectory, and as of Feb 2 2022, when the indexes made that top and the price turned around, You are seeing MAJOR PRICE DROPS across many of the individual stocks in recent days.
The drops normally have been forming new large gaps in the chart, which led me to analyze any other possible gaps that are present that have NOT been filled to current date. The ONLY REAL chart analysis that is needed at this point is to follow the gaps in the charts, because as the old saying goes "Gaps Fill".
As you can see here on Paypal's chart, we had been dropping from its highs since mid-2021 and also made a gap higher up in the chart in November 2021 that has yet to be filled from $216 - $224. The bottom of the gap was re-tested and failed, which resulted in a drop down to the .382 FIB Retracement, but upon its initial test, the price action broke below the .382 level. Although its attempt to hold that level, its initial break would be the cause for its continued move downward.
Although we had what looked like a promising recovery off the .55 Fib Retracement level, this was SAVAGELY Shut down the same day that the major indexes put in the lower high turnover in price action. Combined with the market pricing in its dissatisfaction with the FED reintroducing rate hikes next quarter, the combined confirmations have woke up the bears from hibernation and they are HUNGRY.
This SAVAGE rejection produced an instant GAP downwards of 20.5%, resulting in a GAP from $141 - $176. This has yet to be filled, as marked on the chart.
The drop down to this level has filled a GAP that was left unfilled from May 2020, and is now filled. Which is a slightly positive observation. We could have seen the gap that we just formed possibly fill, if the price action was able to break the bottom of the GAP which sits right on top of the .618 FIB Retracement level, and with the GAP candle forming under the .618 fib retracement, this produced a further move downward, creating a move further downward to the $123 price level.
Currently, we have the candle from last Friday (2/4/22) form candle body support on top of the .706 FIb Retracement level and that correlates to holding support on top of a Double Top that formed formed from the start of 2019 up to the crash of 2020.
PREDICTIONS:
Overall, there are plenty of swing trade opportunities all throughout each of the moves the market makes. But overall, a short/downward price action bias is still overwhelmingly strong right now
A) From this level we could see a move to re-test the .618 Fib Retrace, resistance level at $141. IF it does re-test the .618 fib retracement, the probability of being rejected is HiGHLY LIKELY due to the strength of the .618 fib levels overall, but that would also mark the top of the now filled GAP from May 2020. And considering the time frame as to which that would happen, that would be around the start of Q2 2022 which is when rate hikes would be started again. A break of such a strong fib level also has a very low possibility due to the move that was just made downward as well.
B) Whether we re-test $141 or we re-test the $128 level, which is the bottom side of the May 2020 Gap that's been now filled. The current candle body support on the .706 FIb Retracement level is below this $128 GAP resistance and also below the last long term ascending trend line that we had. The confluence of bearish confirmations would mean that the bottom side of that GAP would result as a new resistance point for the chart and seeing that there is yet another unfilled GAP from April 2020, we are most probable to see a move that pushes us down to the $94 - $96.50 price level. A Key indication of what the next move would be from this GAP fill would be whether or not the price action can recover and wick back above the .865 fib retracement to hold candle body support.
C1) IF it can recover the .865 fib level, that could fuel a trend to the upside to re-test the .786/ .706/ .618 fib retracement levels, A break and hold of support of each would allow us to fill the November 2021 and February 2022 GAPs.
C2) Keep in mind that there is also a GAP that is from April 2017 that is yet to be filled that sits down at the $45 -$46 price level. After filling the April 2020 GAP at $94 - $96.50, If we CANNOT recover the .865 Fib Level and start to close daily candles below $100, the probability of yet another move downward to the April 2017 GAP would be inevitable. We would see some indicator and oscillator relieving support at the 1 Fib Retracement level and then ultimately the 1.618 FIB Retracement level sits down at $37.50..
CONTINGENCIES:
There are a couple of things that would create the opportunity but also the ability to continuously capitulate in a waterfall down, 85% to fill the April 2017 GAP and down 88% to find support at the 1.618 fib retracement level.
These factors would include any of the following:
FED not realizing that the market will continue to capitulate as long as the are integrating Rate HIkes. Of which, start in Q2 2022 with up to a 1% rate hike, Q3 2022 with up to a 2.15% rate hike, and Q4 2022 with up to a 3.25% rate hike. Then for 2023 the continued rate hikes are projected at 3.25% and up based on FED evaluation. They do not plan on decreasing rates by any means until their have drastically reduced their $9.5 Trillion Balance of Mortgage Backed Securities (Debt Treasury Bonds) that they have bought from the banks in the form of bailouts. This balance does not include any of the passed budget plans that has required the FED to create new currency to fund budget plans which also include all the stimuli for COVID-19 and EDD funds to each state to continue to payout Unemployment claims, PUA and PEUC benefits to everyone.
NOT Reverting back to 0% rates will continue to impact the market with detrimental effects from the roughly $25-$30 Trillion dollars that have been created in the past 2 years. With how long the rates have been at 0% - 0.5% prior to COVID and then during the last two years, having maintained a 0% rate, while we also have been creating obscene amounts of new currency to be able to provide liquidity for everything that would be to simulate the economy velocity or to pay for COVID related expense, and bank bailouts. Another detrimental factor that comes into play are that physical fiat currency will NOT be made for most of the amounts that have been generated for liquidity. Which means that the Federal Stimulus direct deposits and checks, the bank bailouts, and the liquidity given to states to fund the Unemployment and PUA and PEUC benefits were all sent out using currency digits. Currency Digits = newly created currency from the FED that does not create new physical fiat currency to account for the newly created currency amount. Instead this currency amount is transferred as digits and then the debt is held in Treasury Bonds. Problem is that those T-Bonds become a ticking time bomb, cause the FED has been creating new currency digits to give out at a 0% rate, but then has to turn around and buy up defaulted mortgages and debt bailing out the banks to then make new Treasury Bonds for the new debt its bought, of which all banks and other country's banks and governments would bid to be able to acquire these T-Bond'd backed securities of debt for an incentive i.e. profit %, tax cut, lump sum payout for holding it. But when you have every other Country in the world that is having their own economic crisis that takes them out of the picture and banks cant buy up the T-Bond debt like they usually would because they would have to ask their sugar-daddy (The FED) for liquidity to be able to buy up the T-Bond Bills..Now these T-Bond backed securities of debt have no one buying them up and they will eventually come due,. Take a crazy guess as to what willl happen then?.... Yup thats right, more new currency to be able to
High Frequency Algorithmic Trading bots Fueling excessive moves downward due to the nature of which they are coded to use indicators and oscillators that reflect current market momentum and strength. Just as they did during the Crash of 2020. Many of the anchors on MSNBC would frequently discuss/complained about how these HFT Bots were continuing to drive the price down uncontrollably.
Overall High Inflation combined from the new Rate Hiikes (1%-3% per quarter), the Consumer Prince Index Inflation (avg. 7.1% ea. month), the Current Currency Supply (physical fiat) inflation (avg 28% YoY) combined with decreased Economic Velocity with force people into another economic indeflation where mass deflation and inflation are being made at the same time -- deflation made by the fear of markets downward trends and consumers reverting to mattress savings of cash, and inflation made by the government creating new incentives for people to apply credit and loans, new stimulus handouts, and any other way they can think of to stimulate the economy and continue to have velocity..
There you have it, a combined analysis of short term and long term price targets, analysis of the market overall plus $PYPL charts specifically, and then a cross analysis of how current and future economic conditions could and would effect the price as well.
If you found this helpful, Please remember to leave a Comment, Give this post a like and so you do can get regular updates for my analysis whenever they are posted, Follow me and make sure you have notifications turned on!
Weekly Piercing Line at PCZ of Bullish Shark on PaypalCould see a 50% retrace back to the upside from here.
$PYPL Potential Bottom?$PYPL & SQ move pretty similar and I think they've both bottomed.
$PYPL Looks good if it stays above 95. A perfect retest of previous resistance as support and holding the trendline!
Just my own thoughts.
PAYPAL retested uptrend This is as self explanatory as it gets. Trend line has been reached. This is the best opportunity ive seen in the stock market i have seen in years. Take advantage of it, and don't fall into the fear that those around you may put upon you.
Paypal just entered an interesting buy zone. Good risk/reward.Paypal has arrived at a zone of heavy support. With the markets dumping, long positions should be taken with care at levels of support. Since it's counter trend, taking a decent chunk of profit at the first PT is wise... like 50% IMO.
paypal is too high to go in now?I would like to see this stock as in my stock list as if it really can drop below 200, then it might be a good buy call
PYPLNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
is the bottom in?? its possible, but we will see 🧐pypl might have finally bottomed out? if it holds above 96.13-100.39 then we should head to 122.16, if it breaks below support then look for a dip to 80.98.
like and follow for more! 💘
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Buy $PYPL - NRPicks 21 JanPayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet and iZettle products.
Revenue TTM 24.5B
Net Income TTM 4.9B
EBITDA TTM 5.1B
Debt/EBITDA TTM 1.81x
EBITDA margin 21.1%.
Are PYPL Leap Contracts Free Money Right Now?What's going on fellow traders, hope everybody enjoyed their long weekend. I just wanted to drop this here and see what your thoughts are on what I believe to be a no brainer.
As you've probably noticed, $PYPL has had an insane sell off that's been ongoing for what feels like an eternity at this point. Historically, you can see that there has been pretty solid support at the $100 level since the summer of 2018. That being said, given today's market conditions I wouldn't be surprised if $PYPL gets bullied a bit more subsequently dipping into the sub -10 RSI level. I believe pretty much any more selling pressure in the next 1-2 weeks could force the stock back into the high $80s mid $90s. From there it should be completely bottomed out and a fantastic time to load up on leaps as close to the money as possible. I'll be waiting to see if we can get in at an even bigger discount and will be targeting contracts within the <$95 zone and as soon as Oct 21 to Sep. 15, 2023.
The yellow drawn in trend line represents a rough trajectory of the price that I could see happening if $100 support is cracked. (just a guess)
Let me know what you guys think, and please send me any of your own picks that you like.
- Premium Flippa
