Paypal has fell past a fair bit during the recent selloff, giving opportunity for a potential rebound to occur.
We should see rebound patterns to form, reasoning why a rebound may occur;
- very strong resistance point between the 178-183 levels.
- past the 50MA.
- William R has reach oversold region along with the ATR both passing the 80 region mark.
we do expect abit of volatility which would like end by this 18 Sep (funds from investors went into the Snowflake IPO)
Taken into account that;
- Visa & Paypal recently deepen ties allow for instant money transfer
- strong P&L + balance sheet
- expansion of the buy now pay later with installments plans
- net income has been up year on year for the past 5 years
target price based on 2 Nov 2020.
Lowest Target Price - USD $205
Highest Target Price - USD $225
Disclaimer: Open analysis and for discussion - not a trade advice.
due diligence and trade according own personal risk tolerance.
We should see rebound patterns to form, reasoning why a rebound may occur;
- very strong resistance point between the 178-183 levels.
- past the 50MA.
- William R has reach oversold region along with the ATR both passing the 80 region mark.
we do expect abit of volatility which would like end by this 18 Sep (funds from investors went into the Snowflake IPO)
Taken into account that;
- Visa & Paypal recently deepen ties allow for instant money transfer
- strong P&L + balance sheet
- expansion of the buy now pay later with installments plans
- net income has been up year on year for the past 5 years
target price based on 2 Nov 2020.
Lowest Target Price - USD $205
Highest Target Price - USD $225
Disclaimer: Open analysis and for discussion - not a trade advice.
due diligence and trade according own personal risk tolerance.