$PYPL
Added 2023-08-04 20:31:09 +0000 UTCOk this is what we are dealing with now with $PYPL.
Price just held support today at the 0.78 Fib, we still need more price action to confirm that this is a support level and we will watch for this on Monday.
We are right in the middle of the buy zone, so as before, I will accumulate here in this undervalued area.
We can see that the price has also dropped back into the wedge again and the support lines are as shown, I have the bottom of the buy zone at $57 and the red trend lines just slightly lower, circa $55.
These levels are a possibility, due to the excessive selling from today and yesterday.
We have been lucky that we have not had to hold for too long this year on a number of stocks to start seeing substantial gains, typically over a 2 month period we have been able to secure on average 20-30% returns.
If I am asked if I am prepared to hold a company like $PYPL for 2-3 months or even longer, in order to see 20-30% gains, I would say gladly.
In terms of risk v reward here at these levels, the overwhelming answer is to the reward side
Comments
Is there a downside gap at $42?
Danielstocks#7923
2023-08-05 18:10:55 +0000 UTC$AMZN
Gareth Neary
2023-08-04 22:05:01 +0000 UTCIf you were to buy 1 stock for a child for them to hold for 20 year what would it be?
Gladwell
2023-08-04 21:58:50 +0000 UTC๐ฅ๐ฅ
Danielstocks#7923
2023-08-04 21:55:36 +0000 UTCPayPal offers 4.3% for savings
Danielstocks#7923
2023-08-04 21:54:43 +0000 UTCNot an expert but perhaps higher interest rates causing shifting of money from these platforms to banks... Perhaps we'll see these platforms rise once int. rates start falling.
Haris
2023-08-04 21:26:10 +0000 UTC๐ฅ๐ฅ๐ฅโ๏ธ
Chris
2023-08-04 21:14:14 +0000 UTC
