$PYPL has bounced off this exact support at $106 and gone to $114 each time at about the same velocity before consolidating. The last time the stock dropped below this support and broke out over it, made a move up to $117. I'd be looking to scalp this up to $114.
Paypal chart has taken a significant change in appearance in the last few trading days, momentum has been the most significant signal that buyers are walking away.
If long caution is needed not to be emotional about the stock, if others are selling large orders, it is time to follow the pack.
The wise money is already out.
NASDAQ:PYPL
PYPL dropped after earnings beat, PYPL should bounce off trend line to continue upward trajectory. Market in in a bit of funk lately due to recession concerns.
Weekly Chart. W RSI is <10.
S/R at approx 105 and Lower BB%
Looking for Reversal to mean higher.
Taking 105/100 Put Credit Spread.
Also picked up 110 call for Directional Bias Higher.
Sept Exp.
Ideally Exit around RSI 50/70 or S/R level as needed in Profit.
Good Luck - Watch your $$$ RISK.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Hi
The demand for selling on PYPL stock code is increasing sharply. It is expected that prices will adjust downward in the coming time. but not much . Goodluck all
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PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
Even though it came down today and filled the gap, it's still above yesterdays close. It just popped up on IBD's Lederboard a few minutes ago in the top 10.
Chart says it. We just made a new high which for me means look for signs of trend reversal. As I've said before trend reversal starts when you start closing below levels that brought you to your most recent high. Im looking to get short, if that wasn't made clear. Not financial advice. Trade safe.
PYPL has risen out of a short-term bottom that completed in February to reach new highs. The stock may shift sideways soon to pattern out speculative price action.
PayPal Holdings, Inc. is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform. It operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. It enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom.
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PYPL
