Discover the latest PayPal stock trading signals. Buy at $73 with targets at $93 and $100. Learn effective PayPal trading strategies and stock trading signals.
PayPal Stock Trading Signals
After a prolonged decline from $310 per share in 2021, PayPal stock (NASDAQ: PYPL) reached a major bottom near $50 per share, marking the end of a strong bearish phase. Since then, the stock has begun to recover, showing early signs of a potential long-term reversal.
PayPal Stock Analysis
Following the deep correction, PayPal stock formed its first upward move, rising from $50 to $93. This initial rally was followed by a corrective pullback to around $55, forming a technical base that could serve as a strong support zone for the next bullish move.
Recently, PayPal has shown renewed strength, trading near $73 per share, supported by a series of bullish candlestick patterns. These signals indicate increased buying pressure and a potential continuation of the uptrend.
PayPal Stock Trading Strategy
The current PayPal trading strategy focuses on identifying and trading within both major and minor upward patterns in the recovery structure.
-
The initial upward move from $50 to $93 confirms the beginning of a new trend.
-
The minor upward pattern from $55 to $79 represents a shorter-term trading opportunity.
-
The bullish candlestick formation adds further confirmation for potential buying setups.
Based on this technical structure, PayPal’s chart currently presents a buy signal at the existing price level.
PayPal Stock Trading Signals
It is recommended to buy PayPal stock at $73, with a target of $93 for partial profit-taking or withdrawal.
-
Entry Price: $73
-
Target Price: $93
-
Stop-Loss: Below $63
A sustained move above $79 could trigger the next bullish wave, pushing prices toward $100 per share in the medium term.
The recent PayPal stock trading signals suggest that the stock may be entering a new bullish phase after its extended decline. Traders who rely on precise technical setups and disciplined risk management can take advantage of this potential upside opportunity.
For more insights and proven trading methods, explore our complete guide on Stock Trading Signals to refine your decision-making process and enhance your profitability.
