We might see a nice bounce from Paypal within the coming weeks but i don't expect new ATHs i expect a lower low then for it to come back down to make one final lower lower later on but for now i am quite decently Bullish as the MACD is showing Bullish Divergence, The RSI is Oversold, The price is at Old Resistance, and the Volume looks somewhat like a Selling Climax so lets atleast get a correction back up to the 200s then we can talk lower lows if it shows weakness there later.
On the much lower lows that is. PayPal still has a massive drop coming.
obviousFalcon58671
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200$ and then it should going deeper? I think January we should rise to 240$.
lmuhametaj
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@obviousFalcon58671 based on what their ceo said today and the technicals, once we breakout from this downtrend we are off to the races. Go and read the report today from his interview, it will help understand what is happening with the company from a fundamental standpoint. Good stuff!
If you care about fundamentals you are doing yourself a huge dis service. They mean nothing. Follow the chart.
lmuhametaj
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@obviousFalcon58671 google PayPal stock buy now pay later. They are seeing massive growth in this area along with their other businesses including the cash in hand they have available…. Def a trillion dollar company in the making.
lmuhametaj
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@CJS04 thx for your opinion, I’ve heard that one before and I chose fundamentals which has worked very well for me.