By
Peter Mathers
of
Trading Lounge
Tuesday, October 11, 2022 5:46 AM EDT
PayPal Holdings Inc., Elliott Wave Technical Analysis
Unsplash
PayPal Holdings Inc., (PYPL): Daily Chart, October 11 2022,
PYPL Stock Market Analysis: Looking for further downside to complete the overall correction into wave 2.
PYPL Elliott Wave count: {c} of 2
PYPL Technical Indicators: We are below all averages, with the 20EMA previously acting as resistance.
PYPL Trading Strategy: Looking to take short term trades(intraday) to the downside as the trend is currently bearish.
TradingLounge Analyst: Alessio Barretta
PayPal Holdings Inc., PYPL: 4-hour Chart, October 11 2022
PayPal Holdings Inc., Elliott Wave Technical Analysis
PYPL Stock Market Analysis: Looking for further downside to reach at least equality of {a} vs {c} at 78$ and maybe even lower to meet the volume point of control.
PYPL Elliott Wave count: {c} of 2.
PYPL Technical Indicators: Below all averages.
PYPL Trading Strategy: Looking to take short term trades to the downside until we meet one of the previously cited support points.
More By This Author:
Elliott Wave Technical Analysis: Polkadot, Oct.11,
SP500 And ASX200 Australian Banks Resource Energy Stocks - Elliott Wave
S&P 500 Elliott Wave Analysis
Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
more
Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
less
How did you like this article? Let us know so we can better customize your reading experience.