Elliott Wave Technical Analysis: PayPal Holdings

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PayPal Holding Ltd., Elliott Wave Technical Analysis

PayPal Holding Ltd., (Nasdaq: PYPL): Daily Chart, December 12022, 

PYPL Stock Market Analysis: We have had an additional move lower which we weren’t anticipating, however, the overall count stays intact as there has been no massive wave count invalidation.

PYPL Elliott Wave Count: Wave {ii} of 3.

PYPL Technical Indicators: Below all EMAs.

PYPL Trading Strategy: Looking for further upside into wave {iii} with an aggressive trade which could guarantee a high return given the high risk with a stop below $71.

Analyst: Alessio Barretta

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PayPal Holding Ltd., PYPL: 4-hour Chart, December 1, 2022

PayPal Holding Ltd., Elliott Wave Technical Analysis

PYPL Stock Market Analysis: It looks like there is a possibility the correction is completed as we also reacted higher from a high volume level.

PYPL Elliott Wave count: Wave {ii} of 3.

PYPL Technical Indicators: Below all EMAs.

PYPL Trading Strategy: Similar strategy to the daily chart, it is worth mentioning that going long now carries a higher risk as there is no strong evidence in favor of the fact the correction in wave{ii} is finished.


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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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