$PYPL potential bottom (3/5)

Conviction: 3/5

Thesis

• Reached trend support (2016)
  
• RSI-D showing potential bullish divergence...
  
• Touched 0.786 retracement too, confluence could be powerful
  
• P/S is high on absolute scale (S&P 500 P/S is about 3), but nearing lows of Feb 2020
  
  Risks
  • Short history, does not contain last major recession in 2008
    
  • RSI-W super low (18) but in historically uncharted territory...