Stocks to watch.
Code: PYPL
Market Caps: 227.47 B (Ranked 48 globally)
In the current uptrend, the price peaked on 12/2/2021 and is trending back.
Stage 1: Price retraced to Fibonacci 0.5 - 0.618 and bounced up but still could not break the old peak. Therefore, the price needs to find stronger support areas to continue breaking out. (224 - 240 USD)
Stage 2: price retraces to the old peak, reacts very weakly and is trending to break the downward top (USD 208 - 216).
Stage 3: Old bottom (172 - 185) This is a potential price area to accumulate a good stock.
The RSI D1 has dropped to 21.47, the last time we saw the RSI to this low was 3 years ago (October 9, 2018).
Potential price target is Fibonacci 1.27 : at $346.
Code: PYPL
Market Caps: 227.47 B (Ranked 48 globally)
In the current uptrend, the price peaked on 12/2/2021 and is trending back.
Stage 1: Price retraced to Fibonacci 0.5 - 0.618 and bounced up but still could not break the old peak. Therefore, the price needs to find stronger support areas to continue breaking out. (224 - 240 USD)
Stage 2: price retraces to the old peak, reacts very weakly and is trending to break the downward top (USD 208 - 216).
Stage 3: Old bottom (172 - 185) This is a potential price area to accumulate a good stock.
The RSI D1 has dropped to 21.47, the last time we saw the RSI to this low was 3 years ago (October 9, 2018).
Potential price target is Fibonacci 1.27 : at $346.