$PYPL TOP 20
Added 2024-02-08 15:57:25 +0000 UTCThe bears were ready to jump on any negative from the earnings report and the guide down on the FY '24 was enough for them to break this down and trigger stop losses and accelerate the selling pressure.
This is not what we wanted to see, earnings were a beat and all metrics were beat and improved on, CEO then had a lackluster earnings call which was not taken well either.
So the price action is in a very tender position now....it needs to hold this yellow support line and not make a new lower low or the impulse structure has broken down and $PYPL is back to searching for support, we can not rule out a move to the bottom of the channel again and the gap below.
I would like this to be a stop loss raid and bulls are ready to buy up this opportunity.
I think support needs to be confirmed before any buy alert should be issued....there is not a clear support yet.
I haven't sold anything, I will be keen to see what PT's are issued today.
Comments
It will need a big catalyst for wave 3 to begin, sentiment is very low.
Nick
2024-02-08 17:07:03 +0000 UTCWhat the CEO needs to do is show the market the finger and BUYBACK aggressively…
DC
2024-02-08 16:58:13 +0000 UTCIdeally yes, needs to hold support now
Gareth Neary
2024-02-08 16:39:36 +0000 UTC54 is the 78.6% fibonacci level from the bottom to top (~50-68). maybe we are on wave2?
Daniel
2024-02-08 16:38:58 +0000 UTCPYPL Intrinsic value is around 107 at base case
Daniel
2024-02-08 16:36:41 +0000 UTCHow low do we go? That’s the million dollar question..
Steven
2024-02-08 16:25:52 +0000 UTCThey've had some time to buy back shares already while the share price has been low, I believe it is down long enough now
Gareth Neary
2024-02-08 16:07:15 +0000 UTCits clearly oversold.
Daniel
2024-02-08 16:05:33 +0000 UTCI think PYPL holding this for a year or 2 will make profit.
Daniel
2024-02-08 16:05:14 +0000 UTCQuestion: since they have decided for a significant buyback, wouldnt make sense for the stock to go down so they can buy at the lowest price? I mean, it would be another version of the same old story. Just a thought I had reading your words
Federico Salerno
2024-02-08 16:03:44 +0000 UTC
