mvincentong

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    • mvincentongmvincentong
      ·2021-12-01
      $PayPal(PYPL)$https://www.cnbc.com/2021/11/30/paypal-ceo-use-of-buy-now-pay-later-option-soared-on-black-friday.htmlConsolidated for the whole of last week and almost the whole of this week before the news release. To be considered a reversal, weekly candle has to close above $188.92.A follow through candle next week has to close above this reversal candle to have a confirmed reversal to the uptrend. Stay tuned and stay safe!Short term price target - $212.40Mid term price target - $224.60Longer term price target - Price @ 50 MA (Still a Death Cross Downtrend)
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    • mvincentongmvincentong
      ·2021-11-27
      $PayPal(PYPL)$Based on last night’s closing, there’s very low selling volume despite having the worst overall market sell off since September. What does this mean?- Low institutional selling because they have already sold off previously.- The lows of PYPL might be set, we might have a short term uptrend to hit the resistance set. - Higher risk/reward ratio.Despite having great fundamentals with a fair valueof $290 and above, we should not trade based on this factor alone. The market will already price in the disruption to PYPL’s business unless they open anew revenue generating stream and increase their profitability.Based on technical analysis and the type of selling volume we can see- A short term price target of $212.45 is attainabl
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    • mvincentongmvincentong
      ·2021-11-25
      $PayPal(PYPL)$Increasing RSI & Stochastics. Upward sloping trend line, current downtrend will most likely stop and a upward trend for the short term will resume. Plus point: Reversal candle in place, keep a look out.Short term price target: $212.40 (Previous gap down open)Mid term price target: $224.60 (Gap close price)Long term price target for down trend: $247.22 (50% Fibonacci)Unless positive news and new revenue generating stream appears, PYPL will continue with down trend.Stay safe! 
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