$PYPL | Allocated & Watchlist | Buy Limit & Buy Stop |
Technical Confluences:
- Stochastics are in Overbought conditions in the Daily Timeframe
- Price is close to the top of the Parallel Channel and is currently in the Interest Zone
- Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend
- Fundamental Confluences:
- Paypal is considered a market leader in digital payments space due to its extensive network, brand recognition and services
- Revenue has been constantly increasing every quarter but lacking in revenue growth
- Better EPS, good FCF and reduced operating expenses are good storylines
- However, digital payment systems are facing alot of competition these days and Paypal being one of the initial pioneers will definitely need to step up and conquer back this space
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I have previously allocated into Paypal previously at 58.80 (when it was bouncing off the 78% Fibo retracement line.
I am still watching to continue to build up my
PYPL allocation. I will be looking to add more in the higher Buy Limit zone if the price breaks the Parallel Channel and goes above the Interest Zone.
I will also look into buying again close to the 61% and 78% Fibo line; assuming price cannot break the parallel channel this round and retrace backs down.
Will continue monitoring it.
-----
- Stochastics are in Overbought conditions in the Daily Timeframe
- Price is close to the top of the Parallel Channel and is currently in the Interest Zone
- Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend
- Fundamental Confluences:
- Paypal is considered a market leader in digital payments space due to its extensive network, brand recognition and services
- Revenue has been constantly increasing every quarter but lacking in revenue growth
- Better EPS, good FCF and reduced operating expenses are good storylines
- However, digital payment systems are facing alot of competition these days and Paypal being one of the initial pioneers will definitely need to step up and conquer back this space
-----
I have previously allocated into Paypal previously at 58.80 (when it was bouncing off the 78% Fibo retracement line.
I am still watching to continue to build up my
PYPL allocation. I will be looking to add more in the higher Buy Limit zone if the price breaks the Parallel Channel and goes above the Interest Zone.I will also look into buying again close to the 61% and 78% Fibo line; assuming price cannot break the parallel channel this round and retrace backs down.
Will continue monitoring it.
-----
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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