$PYPL TOP 20
Added 2024-01-28 18:17:46 +0000 UTC$PYPL finished the week by holding on the 50 Day MA and staying between the 50 and 200 Day MA.....the bulls defended the 50 Day MA with their life after the CEO's innovation announcement, it was met with mixed emotions......followers (including myself) were expecting a show stopper announcement, such as merging Venmo and Paypal or an X payments collaboration but instead the CEO announced vast improvements on the current service....which were great improvements but his lead in words suggested there was something bigger to be announced.
Lesson learnt from the CEO hopefully.
Earnings report is due on the 7th, I'll be watching to see an improvement on margins and an announcement on when they will initiate more share buybacks.....with that cash on hand, I want to see them making that money work for shareholders or for the company, sitting idle is not attractive to me.
For the week ahead, we want to see a fight back above the 200 Day MA again and getting through the battleground area between $64 - $66....getting above this level leading to earnings will put $PYPL in a good position to move to the upside if their earnings are positive and have no surprises.
