PayPal

These Payment Service Providers Are On Our Watchlist, Are They On Yours?

Kelwin & Roy Visa , , ,
7th December, 2021, 6:01 PM

These Payment Service Providers Are On Our Watchlist, Are They On Yours?

With the recent pullback, these payment services took a bigger hit due to fear of reduced spending as countries goes into lockdown again. But as we find out more about  Omicron, things might not be as bad as what the media has been saying. So lets dive straight into these four stocks.

Paypal (PYPL)

Paypal 7th Dec 2021

Paypal (PYPL) is consolidating at around the $180 level and if it manages to break the $189 level we might see a potential year end rebound to $200 then $215. It got whacked down recently due to its results but we think that this is overdone and value is emerging now. The downside might be around $175 if $180 breaks.

MasterCard (MA)

Mastercard 7th Dec 2021

Currently rebounding from its low and off the support of around $313. $339 area is one area of resistance but we’re looking for it to break that resistance to bounce back to around $360 level. This is time to scale in as we are bullish on Mastercard. Support at $313 then $300.

Visa (V)

Visa 7th Dec 2021

Rival to Mastercard, these payment services are almost an oligopoly. Visa recently broke that downtrend line and might be looking to test the $208 resistance and eventually to $216. We have covered Visa just last month and it has retraced to our $192 level which was a good area to scale in! Support at $190-192.

Square (SQ)

Square hasn’t built a base but has a nice candle closing last night, we might see a base starting to build at around $170 which is an area to scale in too. The selling has been overdone and its time to scoop us some good shares!

Yours

Humbly

Kelwin&Roy

Paypal – [ Why It Made All Time High]

Kelwin & Roy PayPal ,
5th February, 2021, 9:32 PM

Paypal – [ Why It Made All Time High]paypal 5th Feb 2021

Chart source: Poemsview2.0

PayPal surged last night(Thursday) over 7% following the release of its excellent fourth-quarter results.

What was amazing is that it added 16 million net new active accounts during the quarter, bringing its total customer count to 377 million. Quite an amazing growth number if you ask us. This rapid increase in active users helped to fuel a 39% year-over-year surge in total payment volume, to $277 billion, and a 23% jump in revenue, to $6.1 billion.

It posted a greater-than-expected profit of $1.08 per share on 23% revenue growth to $6.12 billion. The company benefited from its standing as a COVID-19 beneficiary in 2020, posting a phenomenal 116% annual return. The stock has added another 15% so far in 2021.

From the chart, we pointed out our trade plan for Paypal just a month ago in January detailing how we would trade a stock like this. We’re glad it turned out the way we planned it to be. As always it is always important to have a trade plan. That might be more room for the upside to around $300 which is around the upper band of the trendline resistance. $300 is also a round number so profit taking might start to come in around there. Remember to protect your profits.

Always have a trade plan before doing any trades!

Yours

Humbly

Kelwin&Roy

 

Paypal ( PYPL ) – [ Our Trade Plan ]

Kelwin & Roy PayPal , ,
11th January, 2021, 7:36 PM

Paypal ( PYPL ) – [ Our Trade Plan ]Paypal 11th Jan2021

Chart source: poems2.0 11th Jan 2021

Paypal (PYPL) is the largest digital platform that provides money transfer services. PayPal boasts a consistent track record of earnings and sales growth, stretching back to at least 2010. PayPal has also gone into the cryptocurrency space battling it out with Square (Sq). The two payment companies are marketing apps that let shoppers get discounts, make installments and buy cryptocurrencies. These companies allow investors into a little space of the cryptocurrency.

Lets take a look at the chart and use some trendlines to help us. If PayPal manages to break above that horizontal resistance of around $244.30 and staying above that with volume we might see it move higher in the coming days. If it can’t then a then it looks a like little double top and a healthy retracement would be good too. The first support would be that uptrend support of around $234 then around $225. Buying at support would be more ideal but lets keep a close watch on it.

Yours

Humbly

Kelwin&Roy