PAYPAL BEAR TRAP?
So i already posted this idea under the name "confident user", and because of the good reaction to may trend, i will explain it some more.
So Paypal lost around 14% since the earnings, even though they weren't that bad.
Under the current support level it doesn't look good for paypal beacause the stock was rallying like crazy back in 2016-2017 and didn't create good supports.
For me personally right now is already a good level to invest in paypal fundamentally, but if we break down even more to the 45$ levels it would be actually a crazy opportunity.
Thats why i think that we could see a reaction on this downtrend in my chart, but keep in mind that we got crazy downside still even though i would think its a complete overreaction.
Lets see if Paypal found its bottom here!