Head & Shoulders Pattern Spotted in PayPal Holdings Inc.
A Head & Shoulders (H&S) pattern has been identified in PayPal Holdings Inc. (PYPL), but unlike the traditional bearish reversal setup, this could be an inverse Head & Shoulders, signaling a potential bullish turnaround.
Key Observations:
1. Left Shoulder – A decline followed by a rebound.
2. Head – A deeper low, then a recovery.
3. Right Shoulder – A higher low, suggesting weakening selling pressure.
4. Neckline Break – A decisive close above the resistance (neckline) confirms the bullish reversal.
Price Projections:
- Support at $55 – This level has held strong, acting as a critical demand zone. A bounce from here could fuel the next rally.
- Upside Target at $93 – A successful breakout above the neckline could propel PYPL toward $93, representing a ~40% upside from current levels.
Why This Matters for Traders:
- Bullish Momentum – The pattern suggests that sellers are exhausted, and buyers are stepping in.
- Volume Confirmation – Increasing volume on the breakout would strengthen the bullish case.
- Market Sentiment Shift – If PayPal sustains above key resistance, it could attract institutional interest.
Trading Strategy:
- Stop Loss – Below $55 for risk management.
- Target – $93, with interim resistance near $75 and $85.
Final Thoughts:
While technical patterns are not foolproof, the inverse H&S in PYPL suggests a potential trend reversal. If the breakout holds, $93 could be the next major target, making PayPal an interesting watch for swing traders and investors.
A Head & Shoulders (H&S) pattern has been identified in PayPal Holdings Inc. (PYPL), but unlike the traditional bearish reversal setup, this could be an inverse Head & Shoulders, signaling a potential bullish turnaround.
Key Observations:
1. Left Shoulder – A decline followed by a rebound.
2. Head – A deeper low, then a recovery.
3. Right Shoulder – A higher low, suggesting weakening selling pressure.
4. Neckline Break – A decisive close above the resistance (neckline) confirms the bullish reversal.
Price Projections:
- Support at $55 – This level has held strong, acting as a critical demand zone. A bounce from here could fuel the next rally.
- Upside Target at $93 – A successful breakout above the neckline could propel PYPL toward $93, representing a ~40% upside from current levels.
Why This Matters for Traders:
- Bullish Momentum – The pattern suggests that sellers are exhausted, and buyers are stepping in.
- Volume Confirmation – Increasing volume on the breakout would strengthen the bullish case.
- Market Sentiment Shift – If PayPal sustains above key resistance, it could attract institutional interest.
Trading Strategy:
- Stop Loss – Below $55 for risk management.
- Target – $93, with interim resistance near $75 and $85.
Final Thoughts:
While technical patterns are not foolproof, the inverse H&S in PYPL suggests a potential trend reversal. If the breakout holds, $93 could be the next major target, making PayPal an interesting watch for swing traders and investors.
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Ghi chú
Good opportunities to buy now.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.