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Is PayPal a dead company? Not so fast. +19% gain in 4 days and more to come

Today we focus on PayPal (ticker PYPL).

On March 14th 2022 we spotted a large dark pool activity of 2 million shares at 97.45.

Dark pool activities, which we refer to as block orders, are institutional positions. Dark pools don't tell us the direction, just the presence of an institutional position. 

How to we how to trade it? We have to wait for the breakout or break down confirmation.

A breakout above a specific resistance level, gives us the indication that the trade is bullish. A break down below a specific support, level gives us the indication that the trade is bearish.

With regards to PYPL, price was oversold (dropped from $310 to $92 in less than 8 month) and has been forming a base above 92. 

Based on that analysis, and the presence of the dark pull activity, we initiated a swing trade (long). 

On the following day, price popped the $101 breakout level, triggering a bullish confirmation.

In four days price reached our three targets and produced +19% gain.

Watch this video to get the technicals, our trade progression and what to expect moving forward.

Good trading!


Trading Risk Disclaimer

All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

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