PayPal Holdings Inc.(PYPL:NASDAQ) Elliott Wave Technical Analysis September 9 2022

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PayPal Holdings Inc., Elliott Wave Technical Analysis

PayPal Holdings Inc.,(PYPL:NASDAQ): Daily Chart, September 9 2022, 
PYPLStock Market Analysis:PayPal moving as expected. We were anticipating a potential ending diagonal in wave {c} of 2 to then resume to the upside. We are moving higher, however it’s still early to say whether or not we have resumed the uptrend.

PYPL Elliott Wave count:  {c} of 2.
PYPLTrading Strategy:Looking for wave (ii) to then place longs. s

PYPLTechnical Indicators:The 20 EMA is acting as support.

TradingLounge Analyst: Alessio Barretta

 

 

 

PayPal Holdings Inc.,PYPL: 4-hour Chart, September 9 2022

PayPal Holdings Inc.,Elliott Wave Technical Analysis
PYPL Stock Market Analysis: Moving higher with a steep angle of ascent which could indicate the resumption of the uptrend.

PYPLElliott Wave count:  (i) of {i}.
PYPL Technical Indicators:We broke through the 200EMA which could then tourn out to act as support.

PYPLTrading Strategy: Looking for a buyable pullback, i.e. a pullback in a three wave structure.