PayPal strongly bullish after huge drop
As we know, PayPal's Q3 quarterly have shown a steady growth of the company, which is also trying to open up to collaborations with a giant like Amazon. However, this had an anomalous effect on the markets, where PayPal lost more than 10% in the following days.
At this point, using a Fibonacci retracement with a minimum set in May 2020 (ie when the main lockdowns are over and a "new era" has begun for everyone, including the markets), we note how the decline of these days has reached the famous "61.8%", one of the most recurring and well-known retracement points in the trading world.
Let's add how a company like PayPal has hardly already reached its waning phase, and indeed still has to reach its maximums (introduction to payments with crypto).
I leave the conclusions to you, I only tell you that in my opinion this is the right time to buy PayPal on sale
At this point, using a Fibonacci retracement with a minimum set in May 2020 (ie when the main lockdowns are over and a "new era" has begun for everyone, including the markets), we note how the decline of these days has reached the famous "61.8%", one of the most recurring and well-known retracement points in the trading world.
Let's add how a company like PayPal has hardly already reached its waning phase, and indeed still has to reach its maximums (introduction to payments with crypto).
I leave the conclusions to you, I only tell you that in my opinion this is the right time to buy PayPal on sale
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.