PYPL ( PayPal ) is breaking out of the descending price channel

PayPal Holdings, Inc. (BATS:PYPL)

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BATS:PYPL PayPal Holdings, Inc.

Stock : PYPL ( PayPal Inc )

Date : 27 Mar 2024

Trend : Up

preferred Transaction : Buy ( 66.50 $ )

Reasons : The stock has broken out above the resistance level of the upper line of the descending price channel

Technical Analysis success at level : zone ( 87 $ to 91 $ )

Technical Analysis fail at level : 60.40 $

Komen:

The stock price declined due to the overall movement of the stock market. However, we still consider PayPal to be a promising stock and undervalued.

Therefore, we currently have two options, and we prefer to proceed with the second one:

1. Maintain the stop at the current level and close the position there.

Or

2. Wait for the support level at $60.60 and purchase shares at this price once we observe favorable price action.
Our stop level must be set at $57, where the trend begins to decline.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.