Hello all, today I wanted to share an idea about Paypal long position
So right now these prices are extremely cheap in terms of the potential of Paypal, so either we could see a bounce to the upside now since we are at a nice support level + MACD cross on daily timeframe + oversold on daily timeframe,
but with the recent news of Paypal removing its services to Russian residents we could see a drop of around 3-5 % on Monday morning... if this is the case then we will just have to observe the price action for a while but if we do end up dropping further a definitive buy would be at 87$, I hope you could share your opinions with me, thank you very much.
So right now these prices are extremely cheap in terms of the potential of Paypal, so either we could see a bounce to the upside now since we are at a nice support level + MACD cross on daily timeframe + oversold on daily timeframe,
but with the recent news of Paypal removing its services to Russian residents we could see a drop of around 3-5 % on Monday morning... if this is the case then we will just have to observe the price action for a while but if we do end up dropping further a definitive buy would be at 87$, I hope you could share your opinions with me, thank you very much.