Elliott Wave Technical Analysis: PayPal Holdings Inc.

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PayPal Holdings Inc., (Nasdaq: PYPL): Daily Chart, August 11, 2022,

PYPL Stock Market Analysis: We are looking at a pullback that is following a five-wave move to the upside, therefore we do expect further upside to come once this pullback is completed.
PYPL Elliott Wave count: Wave 2

PYPL Trading Strategy: wait to have further confirmation on how this wave 2 will develop and then look for longs.

PYPL Technical Indicators: We are still below the 200 EMA, however, momentum indicators suggest we are into the massively bought territory.

PYPL Latest News: 10 Popular Alternatives to PayPal(Yahoo Finance).

TradingLounge Analyst: Alessio Barretta

PayPal Holdings Inc., PYPL: 4-hour Chart, August 11, 2022,

PayPal Holdings Inc., Elliott Wave Technical Analysis

PYPL Stock Market Analysis: Looking for a potential continuation lower into wave {c} to complete the correction.

PYPL Elliott Wave count: Wave a of {c} of 2.

PYPL Technical Indicators: We just bounced off the 200EMA acting as support which could indicate a very small wave 2 completed already.

PYPL Trading Strategy: Looking for confirmation of trend resumption.


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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 ...

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