Paypal
Paypal - sitting at supportBullish technicals
PYPL has struggled to stay above the 200sma, which is still in an uptrend.
Today closing above the 200sma would we the third consecutive day doing so...
Risk reward ratio is 3:1
Bearish technicals
OBV has been trending lower, diverging from what the RSI is telling us.
We have a few layers of overhead resistance.
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Keeping on a close watchlist until technicals indicate otherwise.
$PYPL ~ PAYPAL ~ LONG SETUP USING CALLS ~ #OptionsTradingMETHOD: Long PAYPAL {price at entry 104.93} via:
+2 PYPL 20 DEC 19 102 CALL @3.40 ; Trading with 0.50 of extrinsic value, with decay only threatening if losing the trade.
STRATEGIES: Using DIS day chart:
The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
The Fisher Transform bounce signal appearing near the mean.
TACTICS: The plan in terms of stock price:
STOP is price < 102
TGT 108 to exit
Trail option price to Break Even once stock price > 106; OR consider scaling as green cloud becomes large
We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
B3
d^.^b
PAYPAL - DAILY CHARTHi, today we are going to talk about the ishares stoxx europe 600 automobiles & parts ucits ETF and its current landscape.
A subsidiary of Paypal named Xoom rolled out today the possibility for its customers to send money to recipients in the U.S for the first time. Due to strategic alliances with Walmart and Ria, now Xoom customers can send cash for nearly 5,000 locations across the U.S for more affordable rates than the existing methods, and an innovation that can benefit up to 44 million foreign-born people in the U.S. This new service can positively impact the Paypal through Xoom due to the significant increase of potential customers, a great breakthrough for the U.S citizens, considering that is a country where 22% of the adults are unbanked or underbanked, according to Fed data from 2018.
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RSR Long - Potential 98% profitIEO are HOT. RSR is one of them. FA is solid, the team is strong and it is backed by Coinbase. Co-founder of Paypal Peter Thiel is investing in RSR and some other big names as well. Potential could be huge. But for now the team should show case the real benefits of RSR and RSV.
For now RSR needs again some momentum. Perhaps we can see soon some price action to the upside. Currently it is in a consolidating phase.
The chart is self explanatory. SL, entry price and target are all visible in the chart.
Remember to always lock profit, and always use stop loss.
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PYPL - What to expect on 4hr - PAYPALChart 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.
PAYPAL SHORT TERM. AT WAVE 5 OF 5 OF WAVE 3. LOAD UP ON SHORTSOPTIONS PLAY: LONG PUTS or sell calls.
Entry: $108.97-$110.00
Target: $90.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to hit the big ABC down to $90 where the 200 DMA and 618 of the fib retracement sits. Fib extensions shown to predict the end of wave 5, and has accurately predicted several of the wave counts before. All EW rules are obeyed and the standard impulse applies. The biggest question is the time factor. I imagine the B wave will be drawn out and a possible flat due to the volume profile and resistance we built on $100-$105. I will be looking to trade the $110-->~$100 swing, exiting and re-entering. for the big C. No stops identified, trade at your own risk.