PYPL
$PYPL | Trade IdeaPayPal looking to conclude it's wave 4 pullback and begin it's final impulsive wave up. Consolidating with a double bottom pattern as well as declining volume throughout this period. Waiting for a break above the previous pivot high + volume for confirmation to enter. Target around $340 if everything goes accordingly. Please note the light blue projection as my calculated fractal. (Take this with a grain of salt)
A break of the lows would invalidate this count. Best of luck!!
PYPL LongTicker: PYPL
Notes: PYPL got rejected hard on that 21EMA and formed a doji on the daily. It's setting up for a base rally formation along w/ TTM Squeeze on smaller timeframes. We also broke out of this wedge and looking for a continuation.
Key Levels:
- Play the breakout of 21EMA w/ a target of 286-287 area (50SMA)
or
-Wait for a retest of this wedge breakout at 273 to long it.
-Huge gap above, so it can be the next target after cleaing 50SMA
Greater Bull Confirmation(PYPL)I suspected PYPL of bullishness, but felt more comfortable with greater confirmation and we now have that. PYPL has bounced off of its Fibonacci Support and then displayed a reduction in selling momentum. Not only did we get a bullish signal from the momentum, but our Weis Wave showed that interest towards the short side has decreased significantly. I will be awaiting the EMA crossover on the Willy oscillator but I believe we have enough confirmation to dictate that PYPL is bullish.
Bullish Signals
-Squeeze Indicator
-Weis Wave
-Fibonacci Support
Price Targets/Resistance
-1st 286.42
-2nd 295.69
-3rd 308
Weekly Watchlist! 8/16 - 8/20Check out what stocks we are watching for this next week as well as a recap of last week's video!
NASDAQ:FB
Nice level forming right under the gap of the $366 level. Will look for a breakout there with targets of $367, $368, $370, $372
NASDAQ:AAPL
AAPL finally looks ready for its next move higher with a breakout over the $150 level. Targets will be $151, $152, and lastly $155 if we decide to swing our position
NASDAQ:PYPL
Nice pennant forming here, will be looking to take the upside breakout of $277 with targets of $278, $279, $280
PYPL Bullish SqueezePYPL has displayed a combination of bullish signals indicating we may see a great bull squeeze, allowing for a great entry. Our first indication that a squeeze was coming was our VPCI indication showing us that the current trend is supported by volume. The Stupid Willy also displayed a buy signal while the squeeze indicated bullish momentum needed for a squeeze. I believe this is a great place to enter, to potentially test the 309.80 resistance since the daily time frame also indicates bullishness(VPCI+Willy).
Bullish Signals
-Squeeze Indicator
-Stupid Willy
-Fibonacci Support
-VPCI
Price Target/Resistance
-309.80
PYPL in Buy ZonePYPL recently bounced off of one of its Fibonacci supports and has an overall great uptrend. The 4h time frame indicates a bullish squeeze to be had, following the buy signals given by the Willy Oscillator and the VPCI. If you want greater confirmation regarding this play then I would wait until we see a official reduction in selling momentum on the 1day time frame or wait until we hit support once more. Overall bullish on PYPL and expect a swing to the 310 price target.
Bullish Signals
-Squeeze indicator(4h)
-Willy Oscillator
-VPCI
Price Target
-310
PAYPAL: Is this a consolidation phase or potential drop?The price has risen significantly from the lows of $224 up to $308 - We have now seen a correction in the price and the stock seems to be consolidating at this point. Will it maintain support and move within the ascending triangle pattern or drop further down if it breaks support? We will probably know that before end of September or first week of October. For, I will maintain a LONG view.
TUTORIAL - Finding Better Entries Finding Better Entries
Ok, y’all, I’m losing my voice a little bit… but I also just got a new microphone so that is why this video happened. So be nice about my hoarse voice.
Let me know if this is helpful and If I should do more like this
ENTRIES
PYPL - 225.30
DKNG - 43.01
CVS - 81.19
UBER - 42.97
LYFT - 48.27
ETSY - 163.08
I will most definitely be making more videos on entry targets. Leave me a comment if there's a symbol you want me to analyze in the next video. I'll try to do them every couple of days (And definitely on sunday nights)
Possible scenario - Paypal 💥PayPal has cup formation if will complete cup and handle formations, we can see it in ~395$. You can buy after approve this formation (💰). I think it has bearish trend for now ⚠️. Don't forget see approve for buy 👀. Otherwise you will lose 💸.
It is not financial advice ⚠️.
PYPL (POSSIBLE LONG ENTRY)PYPL pulling back with most stocks today, I believe this presents a good dip buy opportunity. As long as the fibonacci box shown holds, I expect waves 3, 4 and 5 to occur to complete a set. A move over $310+ will confirm my thesis of the beginnings of sub-wave 3. Target set at $320 with major target at $340.
Weekly MRI Sell on PYPLSentiment: Short term Bearish - sideways
This week (week 30) there will be an MRI sell on PYPL indicating the probability of an 1 to 4 week correction.
As you can see on the chart last week's candle was a very strong up engulfing candle so it has yet to be seen if we can get the correction or not. For me it all depends on the candle we will print this week.
Especially having the MAs (20, 50, 100) trending up which is an indication of a strong uptrend.
What makes me think that this MRI sell will pan out is the fact that the engulfing candle stopped just short of the prior swing high and that it might be to difficult for PYPL just yet to go for new ATH.
Let's see.
The daily chart somewhat negates the bearish sentiment of the weekly chart. It just took out the prior swing high and was strong on the bullish MRI star candle.
Also the MAs show no sign of a correction on the daily.
Therefore combining the information on the weekly and daily charts a plausible scenario would be that this week we will move a little bit up or sideways in order to print a reversal candle on this weeks MRI sell and a daily MRI sell next week Monday in order to then have a (moderate) sell off next week.
As always, this is not trading advice, but only my views on the market.
Please do your own research before entering any trade.
Happy trading
Banking on SoFiFinancial Technology (FinTech) is revolutionizing the way we transact in our daily lives. The days of paying in cash are far and few between. Say goodbye to those pesky coins. Regardless of blockchain disruption, the future of finance will for certain be digital. So how do you play this industry? You can go through high flyers like Paypal (PYPL) or Square(SQ) but these companies have had their run. Instead rely on an industry-low flier, Social Finance (SoFi).
This company is going above and beyond traditional finance. This company is creating a one-stop-shop, financial community. The company has endeavored in debit, credit, insurance, crypto, and much more. This is exactly the financial innovation that the millennial+ (1981-present) generation needed. Image an entity that you can use for daily transactions, mortgage loans, auto insurance, and stock/crypto investing, that is SoFi.
Did I mention they have a community aspect as well? SoFi is the banking industry in multiple facets. SoFi provides membership to its clients to where you can get financial planning, transaction summaries, store discounts, personalized career advice, and exclusive events. That the antonym to traditional, wall-street banking. A community environment that provides you knowledge and partnership in your financial journey. The insights provided are enlightening and insightful. The best part yet, the recent price action.
The company has been on a downtrend for the past couple of months but it is reaching a potential inflection point at its well-established support. The company has previously bounced off these levels indicating a possibility for another reversal. The risk-reward is very compelling considering that the downside is less than -10% while the upside is a more favorable +75% to the prior resistance. That is a modest price target of ~$23. However, the company is currently trading at a market cap of ~$13B. At the same time, PYPL and SQ have market caps of $353B and $108B, respectively. If it is truly the disruptor in its infancy ages, in due time the stock will have similar market cap trajectories, a potential 10x.
Finally, the smart money is already in this name. Although the coverage by analysts is minimal they are all indicating upside movement. If other analysts start covering the name it could serve as a catalyst. Renowned venture capitalist, Chamath Palihapitiya, is the CEO and a major shareholder (good management). Large institutional money such as SoftBank entered the stock at a higher price. Smart money is leading the way.
Bank on it.
Paypal Market AnalysisG'day Guys
Today let's analyze PAYPAL. Technically, PayPal was consistently bullish since the establishment of the company.
From a weekly perspective, this pair still showing a consistent and healthy bullish rally. This analysis focusing on where the best entry taking advantage of the market correction based on human behavior. There possibility this pair going to create a sideways formation if unable to break the 309.70 area.
For now, in a 4hours perspective. I see the market correction will be created within the 270.00 price level. From here, we will see a clear market structure and moving towards the 309.70 zones.
Let's see what happens next. Take advantage of the market movement and dance with the market.
Cheers
PYPL - At a Crossroad !Hello Traders !
It seems that NASDAQ:PYPL is trying to close above the 78.6% Fibonacci retracement level at $290.73.
Last Thursday on Jun 24th, NASDAQ:PYPL were able to close above, however, we didn’t have a confirmation on the next day candle!
Today we have the same scenario, if it closed above $290.73 and we had a confirmation tomorrow, then I think we might head to the all-time high at $309.
Personally, I tend to think that NASDAQ:PYPL won’t be able to reach $309. So, my position is bearish and the next support level is the 20SMA and 50SMA.
Note: this is not a call to buy or otherwise. I am just sharing my own analysis.
Best of Luck !