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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Jan 10, 2019

PayPal Holdings Inc. (PYPL/NASD): general analysis 10 January 2019, 11:05


Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 91.00
Take Profit 93.00, 95.00, 96.00
Stop Loss 92.35, 89.00
Key Levels 83.00, 86.00, 88.50, 91.00, 93.00
Alternative scenario
Recommendation SELL STOP
Entry Point 88.45
Take Profit 85.00, 83.00
Stop Loss 90.50
Key Levels 83.00, 86.00, 88.50, 91.00, 93.00
Current trend
Yesterday, PayPal shares fixed at a 3-month high, rising by 6.5% since the beginning of January. At the moment, the issuer quotes are trading at a discount of 3.8% to the September 52-week high. In late January, the company will publish quarterly results. India will be one of the key growth drivers: according to management, in the past quarter, revenues from this region increased by 1,200%.
During the last week, PayPal rose 4.43% against the growth rate of the S&P 500 index by 2.97%.
Support and resistance
The “bullish” moods prevail. At the moment, #PYPL quotes are consolidating. The key support and resistance levels are 88.50 and 91.00. There is potential for further growth. Indicators reflect the strength of buyers: the price is fixed above the MA (50) and MA (200); MACD is in the positive zone and continues to rise. It is better to open the positions from the key levels.
A comparative analysis of company multipliers and competing companies in the industry indicates that #PYPL is overvalued.
Resistance levels: 91.00, 93.00.
Support levels: 88.50, 86.00, 83.00.

Trading tips
Long positions can be opened after the price is set above the level of 91.00. The closing of the profitable positions is possible at the levels of 93.00, 95.00 and 96.00. Stop loss is 89.00.
Short positions can be opened after the price consolidates below the level of 88.50 with the targets at 85.00–83.00. Stop loss is 90.50.
Implementation period: 3 days.

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