$PYPL TOP 20
Added 2023-09-24 19:54:33 +0000 UTC$PYPL had a tough week and the higher rates for longer message running through the financial stocks, this has taken its toll on all finance stocks and $PYPL is no exception, regardless of how undervalued it may be.....if $BAC is showing weakness and rejecting at its trend line, then $PYPL will feel it too.
$PYPL rejected at its 50 Day MA and has come down, new low is now inevitable and we will be watching for support again on the blue line at $56 or the trend line slightly below between $54-$55.
I have a lot of $PYPL right now and I am happy with my position and an average of $58.
I will focus on $PLTR, $ABNB and $AMD this week.
I am not concerned about holding $PYPL for long term.
Comments
pypl is supposed to earn 4 bucks and change the next 4 quarters, has a new ceo, a weak consumer and faces tax loss selling, its not cheap at all at a 15 multiple, people considering pypl look at microsoft from 1998 to 2015, any paypal misstep in the new regime and 40 bucks is likely
ALG
2023-09-24 21:13:54 +0000 UTC
