5.24.2017 Trade Idea: PYPLIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
PYPL
PYPL concernEven PYPL's ER beat, it possibly won't make it to the new high given the strong resistance around 44.5. During last earning report, PYPL jump-off from 40 to 44 and experienced sell-off till now. I have provided two possible paths for PYPL
PYPL short if...this is just an idea, tracking this pattern and find that is built on some important lines (structures and trends)
if from A will go to B and then to C I think that probabilities will be more than just an idea.
I also find target that are on same structures lines and stop loss too.
so take it like a test or an idea in progress
thank you for feedback!
Paypal: nice doublebottomMain signal formation: double bottom
Buy 38.66 (neck's breakout)
Stop-loss 36.27 (-1 tick under double bottom)
Target #1 41.00
Target #2 42.50
PYPL exceeds expectations!PayPal's Earnings Report came out today, you can find the details - Here
In After Hours, price is currently at $40.85, but tomorrow may push through $41.70 and clear towards $42.50.
PYPL is equally attractive in the long-term aspect, this most recent bounce and the next upcoming bounce will really strengthen this upward trend and fuel us into the $50's. Possibly by the end of May, as more financial reporters improve their rating on this company over the next few weeks.
Graph Summary
- I believe we'll be starting tomorrow in the green highlighted box.
- There may be some sell off's first thing, but I think most of tomorrow's action will be in the $41.---$42.-- zone.
- If we push past $41.70, I'll expect a push to and discovery of a resistance zone around $42.5-.
Thanks for reading, welcome to comments!
PYPL about to pop again?We're getting near where I believe may be a resistance zone, but if a push through $40.50-$40.56 happens, we could see this hitting the $42.00 range!
(D) Looking bullish into earnings. Likely 40, if so.Support from ema50 (Red MA), RSI recently formed a local bottom, MACD near bullish xover, and resistance test near P pivot. If the market turns bearish, an ema50 and $37 support retest likely.
Obey your rules.
PYPL Potential May Pop!PYPL has the appearance of slipping these past few days, but I believe their trend is still headed up, there has not been a lot of recent news on the company to make it swing one way or another, hopefully we can continue to see growth from the company throughout 2016.
I'll be selling with a loss at $36.75-$36.50 if this is not the case and it makes a turn for the worse.
$PYPL (D) Discount Opportunities Approaching (after pullback)Will need a bit of time to work out this pullback. It may retest ema50 (Red MA) for support again in this mildly bearish near term trend. Be patient and stalk an entry.
Bull Divergence on PYPL in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50
PYPL Break through or just news pop?PYPL has been looking more and more promising lately with recent changes to management and the most recent news of plans to acquire Cuban business. However, the recent news seems like a small bubble in comparison to the resistance level it was experiencing the previous week.
PYPL is also very close to breaching it's all time high which could act as another resistance level around $42.
We could see this trend continue in the following weeks, but in the short term, we could see some indecisive waves over the next fews days as the resistance line is accepted or denied.
I'm confident that PYPL will be a good Long hold regardless, the question is the entry point.
