Paypal has be bucking the trend it seems, but in my view that looks like an ABC Flat correction, Not financial advice, but it provides excellent trade potential as the stop at the all time high is close by. Looking for 5 waves down, we will be able to squeeze out the structure and timing better as it forms, but April options make sense based on the pitchfork and ...
There is a bearish Divergence of Price vs. CCI on the PYPL 4-hour Timeframe. This Divergence occured right after the price crossed the Bollinger-Bands.
Each time something similar happend (bearish/ bullish Divergence, Price went outside the Bollinger-Bands) in the past couple Weeks, the Price was rising or falling to the current weekly Pivot.
A lot of Analysts ...
As expected and called since few months, I see American market going down. On the next month, the movement downwards will get faster.
Paypal Holdings is a short for the next months.
First stop at 70 USD, 2nd and most important one at 45 USD.
To be noted a bearish divergence on MACD and on a personalized STOCH.
See you soon guys,
PYPL looks like a breakout candidate on the Daily chart, which I think it may attempt. However, Weekly looks neutral, and Monthly has negative divergences.
I just wanted to record my theory on it topping out soon, with an eventual move back to low 70s. This is mostly just a fun guess.
The share trades just above it's 200dma, having rebounded from it's mid-October lows. At at current levels, we also have a bear flag formation that has been built, with the current level being the 5th test of the lower boundary of the channel.
Upon a break of the trend line, I am looking for a move back to the mid-October lows of 74.84, using a SL of $87.30.
PYPL is showing bearish signals on daily and weekly charts. On the daily it is showing a bearish engulfing of the enlarged red candle covering the complete previous day green candle. On the weekly it is now showing pullback signals to the short side. I expect the to drop to roughly the $79 level where last previous support was.