Hope at last for PayPal? Falling wedge in sight
It has been a very, very rough past 2 years for $PYPL. After seeing highs of $300+ in July of 2021, the stock sits at a staggering 59.42 after seeing absolutely no recovery from the recent market bull run.
But, there may be some hope…
Although the company is currently facing many different issues, it’s not like PayPal is going away anytime soon. When was the last time you used PayPal or a service connected with PayPal? Can garuntee you’ve had some connection with it in the past 24hrs shopping online.
With that all being said, it appears we may have a falling wedge pattern forming, bullish. If this pattern does play out, would first target $100 and then see if the stock can pull off a full recovery. This of course also depends on the overall market direction…
I personally do like this stock though long term and believe a recovery should be coming soon.
But, there may be some hope…
Although the company is currently facing many different issues, it’s not like PayPal is going away anytime soon. When was the last time you used PayPal or a service connected with PayPal? Can garuntee you’ve had some connection with it in the past 24hrs shopping online.
With that all being said, it appears we may have a falling wedge pattern forming, bullish. If this pattern does play out, would first target $100 and then see if the stock can pull off a full recovery. This of course also depends on the overall market direction…
I personally do like this stock though long term and believe a recovery should be coming soon.