PayPal Holdings Inc.: the company's quarterly financial report will be published on October 29

avatar
· Views 87



PayPal Holdings Inc.: the company's quarterly financial report will be published on October 29
Scenario
TimeframeWeekly
RecommendationBUY STOP
Entry Point80.45
Take Profit88.00
Stop Loss76.00
Key Levels69.00, 76.60, 80.40, 88.00
Alternative scenario
RecommendationSELL STOP
Entry Point76.55
Take Profit69.00
Stop Loss80.00
Key Levels69.00, 76.60, 80.40, 88.00

Current trend

Shares of PayPal Holdings Inc., the American debit payment system, are correcting at the 79.00 mark.

Yesterday, as part of a program to increase its market share in the PRC, the company introduced a new platform PayPal Complete Payments, which streamlines the process of paying for goods and debts for businesses of all sizes, which will allow them to operate almost seamlessly in foreign markets. In addition, PayPal Holdings Inc. managed to increase the number of active user accounts by 2.0 million last quarter, and against this background, analysts expect the company to maintain “above average” gross profit growth due to the monetization of Venmo and Fastlane.

On October 29, the emitter will publish a financial report for Q3 2024: experts believe revenue to grow to 7.89 billion dollars from 7.42 billion dollars over the same period a year earlier, while earnings per share (EPS) could be 1.07 dollars, down from both 1.19 dollars in the previous quarter and 1.30 dollars a year earlier.

Support and resistance

On the D1 chart, the asset is correcting and is still holding below the resistance line of the ascending channel with boundaries of 85.00–74.00.

Technical indicators have long since reversed around and are holding a stable buy signal: the EMAs fluctuation range of the Alligator indicator is again actively expanding in the direction of growth, and the AO histogram is forming correction bars, being in the buy zone.

Support levels: 76.60, 69.00.

Resistance levels: 80.40, 88.00.

PayPal Holdings Inc.: the company's quarterly financial report will be published on October 29

Trading tips

In case of a reversal and continuation of local growth of the asset, as well as consolidation of the price above the maximum of 80.40, one may open long positions with a target of 88.00 and a stop-loss of 76.00. Implementation period: 7 days and more.

In case of continuation of the asset decline and consolidation of the price below the support level of 76.60, one can open short positions with a target of 69.00 and a stop-loss of 80.00.


Tuyên bố miễn trừ trách nhiệm: Quan điểm được trình bày hoàn toàn là của tác giả và không đại diện cho quan điểm chính thức của Followme. Followme không chịu trách nhiệm về tính chính xác, đầy đủ hoặc độ tin cậy của thông tin được cung cấp và không chịu trách nhiệm cho bất kỳ hành động nào được thực hiện dựa trên nội dung, trừ khi được nêu rõ bằng văn bản.

Website Cộng đồng Giao Dịch FOLLOWME: www.followme.asia

Bạn thích bài viết này? Hãy thể hiện sự cảm kích của bạn bằng cách gửi tiền boa cho tác giả.
avatar
Trả lời 0

Tải thất bại ()

  • tradingContest