Like my previous CRSPR post where I displayed clear TA on how the stock price was clearly in a accumulation phase and that we were going to spike up, which is exactly what happened. This idea I was a bit nervous to publish because the TA looks a bit weary. However my gut usually proves me right for the most part.
PayPal stock is clearly showing bearish patterns all year. Even as of right now writing this idea I have to double take at these charts. However I feel comfortable making this long contract option around $60 because we seem to have great support at those levels. In addition PayPal insiders have been buying back shares. Making my thesis even more strong
Now, with the new CEO Alex Chriss coming into effect sept 27th and the stablecoin PayPal is launching I think this stock has momentum to at least cross the $80 price point this year.
As of today I have built my contract position that expires in March 2024. I am expecting PayPal to cross $90 by 2024 or even earlier.
In conclusion= $60 support level + Alex Chriss Leadership + oversold wallstreet players dumping PayPal + PayPal launching their stablecoin before the Stablecoin bill (hmm) = IMO 30% move on PayPal from these levels
PayPal stock is clearly showing bearish patterns all year. Even as of right now writing this idea I have to double take at these charts. However I feel comfortable making this long contract option around $60 because we seem to have great support at those levels. In addition PayPal insiders have been buying back shares. Making my thesis even more strong
Now, with the new CEO Alex Chriss coming into effect sept 27th and the stablecoin PayPal is launching I think this stock has momentum to at least cross the $80 price point this year.
As of today I have built my contract position that expires in March 2024. I am expecting PayPal to cross $90 by 2024 or even earlier.
In conclusion= $60 support level + Alex Chriss Leadership + oversold wallstreet players dumping PayPal + PayPal launching their stablecoin before the Stablecoin bill (hmm) = IMO 30% move on PayPal from these levels