The blue trend line represents a covid-free bear trend that would result in PYPL being around the $220 level.
This pandemic has shown us that online shopping is here to stay, and PayPal's stronghold on the industry will allow for much more growth 5-10 years.
This being said, my chart represents my prediction that we will not be going back to normal any time soon, so I have a 4-6 month outlook on this.
The $220 level will prove to be heavy support should it drop there (I don't think it will).
I believe that PYPL has a good chance to make a run for $300, and if it cannot break resistance then you would be looking at a nice 10-20% return (buy positions...much more with options).
Can also prove to be a good swing play, by hedging covid news. This stock will skyrocket with closures, and your other positions will spike with reopening news! Win win!
Like if you agree, gimme a follow if you wanna see more of my work!
This pandemic has shown us that online shopping is here to stay, and PayPal's stronghold on the industry will allow for much more growth 5-10 years.
This being said, my chart represents my prediction that we will not be going back to normal any time soon, so I have a 4-6 month outlook on this.
The $220 level will prove to be heavy support should it drop there (I don't think it will).
I believe that PYPL has a good chance to make a run for $300, and if it cannot break resistance then you would be looking at a nice 10-20% return (buy positions...much more with options).
Can also prove to be a good swing play, by hedging covid news. This stock will skyrocket with closures, and your other positions will spike with reopening news! Win win!
Like if you agree, gimme a follow if you wanna see more of my work!