PayPal

Has PayPal found support?

Introduction

The Q4 results of $PYPL and the expectations for 2022 have been very disappointing for investors and the stock made a huge dive to the $120 price level which we have not seen since 90 weeks ago (May 2020). This will probably act as support for some time.

Actually the dive already set in July last year. It could take some time before we cross the $120 level further downwards, or to find a base level at this price level but I have put this stock on my watchlist to look for opportunities at a somewhat lower price level.

I do not think we have seen the lows yet, not only from a technical, cyclical, or a planetary point of view but also looking at the fundamentals, more on this later in this post.