Wanna see a magick trick?

Oct 30, 2023

I'm going to make this pencil PayPal disappear.

PayPal is sitting at an over 6 year low. A blue chip stock, sitting at a 6 year low.
It is also sitting on an RSI level that twice before caused *at least* a bounce, very near oversold.


on the monthly.



It is also respecting a glaringly obvious price channel.



Also, if one were to draw fibs from the very start of PayPal's history to the very tippy top, you would get some interesting price levels, but PayPal would be well below, well, all of them. What about these?


Crypto seems to potentially be exiting a bear market, coinciding with Bitcoin's Halvening which according to buybitcoinworldwide.com/halving/ occurs in approximately 165 days, 5 hours, 15 minutes, and 7 seconds.

I will be entering a long term position on PayPal tomorrow.
For what it's worth, check out what happened last (and my only) time I made an idea for PayPal. It DISAPPEARED!

Nov 27, 2023

Note

Well, here we are, almost a month later.

wat we sayin boyos

Nov 27, 2023

Note

Oh yeah

Nov 28, 2023

Note

Dec 4, 2023

Note

4h


1d


weekly

Closed my position because I'm really not liking what I'm seeing right now.
The 4h chart looks to be struggling to make a new high.
The volume in today's daily candle is only a bit shy of what it was on Friday, yet almost no progress price-wise. It is also very near 60 RSI and it seems to be potentially bear flagging.
The weekly chart is showing hidden bearish divergence right under 50 RSI.

I am now out of position.
I repeat, I am now out of position.
I'm actually *trading*

LOL

Jan 19

Note

welp, that didn't work out so well