After a pronounced downward trend, the PayPal share is bottoming out and has recently recovered strongly from short-term setbacks. These are reasons enough for us to open a long position. We are initially focusing on the area around USD 73, as this coincides with the upper edge of the large gap from May 2023. We expect the price to rise to the $79-$80 area, but we will keep a close eye on the $73 zone and have therefore set a price alert there. If PayPal shares fail to reach the upper edge of the price gap, we will realize accumulated profits or at least tighten our stop.
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Expecting the stock to rallye next week