Asphen
2023-02-09

Can PYPL break out of resistance from earnings tonight?!


- PYPL has been in a sell channel for some time

- A buy channel has also been formed since Dec with a breakout late Jan

- It is a clear case of maintaining the buy channel or snap back into the sell channel

- Upper resistance remains at 90 (key level to break)

- Downside support comes in at 76, 73 and last line at 68


All depends on tonight's earnings. A good market response means we will test 90 for a break. 

However, even if negative, enough FA out there that shows PYPL is indeed on the recovery, just need time. 


Note the big gap between 83 and 85

@TigerStars  @CaptainTiger  @LMSunshine  @melson  @Deposit  

$PayPal(PYPL)$ 

# Technical Analysis

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Comment（43）

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  • melson
    ·2023-02-09
    TOP
    can buy some or keep a small position. haven't rebounded much, potential for higher rebound.
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    • AsphenReplying tomelson: 
      options pan out well as no major moves 😀
      2023-02-10
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    • melsonReplying toAsphen: 
      [Happy]
      2023-02-09
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    • AsphenReplying tomelson: 
      got it
      2023-02-09
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  • Guy
    ·2023-02-09
    PYPL has been making strategic investments in its product to ensure it remains competitive.
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    • Asphen: 
      voolz
      2023-02-09
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  • PenelopeHood
    ·2023-02-09
    I expect the company to continue to perform well in the future.
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    • Asphen: 
      I do too. just near term, would earnings show they are on track.
      2023-02-09
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  • MaudNelly
    ·2023-02-09
    PYPL's stock price has been on the rise recently, with a good increase over the last month alone.
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    • Asphen: 
      yup. hinges on today's earnings to validate the rise.
      2023-02-09
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  • aiyoh79
    ·2023-02-09
    Thanks for sharing
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    • Asphen: 
      you welcome
      2023-02-09
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  • GarethTan
    ·2023-02-09
    [Miser] [Miser]
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  • Applewagerdigger
    ·2023-02-09
    Great work
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    • Asphen: 
      thank you
      2023-02-09
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  • SoulGG
    ·2023-02-09
    cool
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  • TonySiang
    ·2023-02-09
    Wuioo
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  • Steventeo
    ·2023-02-09
    ok
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  • tgll
    ·2023-02-09
    👍
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  • gye
    ·2023-02-09
    hi
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  • Art123
    ·2023-02-09
    ok
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  • JL88
    ·2023-02-09
    ok
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  • gye
    ·2023-02-09
    ok
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  • Mrzorro
    ·2023-02-09
    [Like]
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  • 虎火
    ·2023-02-09
    OK
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  • Kkhkkh
    ·2023-02-09
    sure
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  • BengLee
    ·2023-02-09
    [Miser][Miser][Miser]
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  • 许哲东
    ·2023-02-09
    yeah
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