Elliott Wave Technical Analysis: PayPal Holdings Inc. (PYPL)

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Sep 9, 2022 at 10:50 AM EDT

Technical indicators: The 20 EMA is acting as support.

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Photo by Mika Baumeister on Unsplash

PayPal Holdings Inc.,(Nasdaq: PYPL): Daily Chart, September 9, 2022,
PYPL Stock Market Analysis: PayPal moving as expected. We were anticipating a potential ending diagonal in wave {c} of 2 to then resume to the upside. We are moving higher, however, it’s still early to say whether or not we have resumed the uptrend.

PYPL Elliott Wave count: {c} of 2.
PYPL Trading Strategy: Looking for wave (ii) to then place longs. s

PYPL Technical Indicators: The 20 EMA is acting as support.

Analyst: Alessio Barretta

PayPal Holdings Inc., PYPL: 4-hour Chart, September 9, 2022

PayPal Holdings Inc., Elliott Wave Technical Analysis
PYPL Stock Market Analysis: Moving higher with a steep angle of ascent could indicate the resumption of the uptrend.

PYPL Elliott Wave count: (i) of {i}.
PYPL Technical Indicators: We broke through the 200EMA which could then turn out to act as support.

PYPL Trading Strategy: Looking for a buyable pullback, i.e. a pullback in a three-wave structure.

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