Downloading...
Download

Fintech

Is the PayPal bottom finally in? My bet is yes.After an excruciating 82%+ drawdown from all-time highs made 2 years ago, PayPal is finally showing some signs of bottoming action following the company's recent earnings report. The new CEO Alex Chriss has got all of the right talking points and focused on the right areas of the business. The true growth areas of the company are still in question, but from a value stand-point the stock trades at some of the cheapest levels in the company's history. From a technical perspective, the stock is holding the recent earnings gap up and is starting to form higher highs and higher lows on the daily. A breakout up and over this $59 area should bring a fresh wave of momentum buyers as the stock attempts to reverse its longer-term downtrend. I recently acquired a long position for my longer-term investments portfolio and am looking for higher prices over the next several quarters and full year. (disclosure: long)
NASDAQ:PYPLLong
by EvanMedeiros
2
LNWY- a fintech company announces stock repurchase LONGLendway had a big start to the week with the after-effects of the repurchase program driving stock price higher. On the 15-minute chart- the abrupt change in momentum from a peak on Friday at the lunch hour into a low in the pre-market on Monday with a V-shaped move down and up again and then a monster move from there and a fade after that. LNWY seems to have moved into a parallel channel with a trend slope/ angle of about 25% the ZL MACD shows a line cross under the histogram which went red to green. I will take a long trade here. the stop loss is under the new trend line at 4.45 while the final target is at the top of the upper resistance trend line at 7.25. An initial target is set about halfway in between them at 6.00 This is a stock with high current volatility given the intention to buy back 400.000 shares in a relatively low float environment. ( www.stocktitan.net ) I anticipate high profile with a relatively low risk. There are no options available to either hedge or amplify risk.
NASDAQ:LDWYLong
by AwesomeAvani
1
AFRM Can it continue the move after earnings ?AFRM jumped about 27% from a decent earnings beat on Thursday August 24th. It is now sitting in the tip of a bullish pennant pattern and at the POC line of the volume profile. The dual time frame RS indicator suggests strength is above 50 after the close of the week fade. The MACD lines crossing and above the horizontal . zero suggests this is simply a rest in bullish momentum Price is above then mean VWAP and tracking one standard deviation above it. My trade plan is long or short depending on how price moves off the POC line. I have drawn entry levels for a market or buy stop order. The stop loss would be the opposite blue line. Targets start out at 19.5 and upside from there.
NASDAQ:AFRM
by AwesomeAvani
PYPL | Buy the Fear!!! | LONGPayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. The company was founded in 1998 and is headquartered in San Jose, California.
NASDAQ:PYPLLong
by DivergenceSeeker
1
$MQ reversal play 👁‍🗨️*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This afternoon my team purchased shares of FinTech company Marqeta $MQ at $4 per share. Our Entry: $4.00 Take Profit: unclear (we will use the fib-tool to determine a good take profit) Stop Loss: $3.75 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MQLong
by SimplyShowMeTheMoney
5
Paypal - Going Long In a Bear Market?Paypal is an antiquated business model. The problem is, the Federal Reserve just launched FedNow, which is like a bank-to-bank Central Bank Digital Currency. Most CBDCs will come in the future, and they will target retail/consumers, and Paypal will no longer be useful for transferring money. In Canada, where I am, Paypal is already primarily worthless, because the company that handles debit card payments, Interac, set up, many, many years ago, a service that allows us to send money to each other from our banks via email. Both people and businesses use it extensively. It's fast, easy, instant, and free, so why bother with Paypal? CBDCs are a problem for humanity, because they are the collar, leash, and chains that enable Party West's implementation of their favourite role model, the Chinese Communist Party, who deployed full scale social credit under the guise of "Zero COVID." The CCP and its 24-year persecution against the Falun Dafa spiritual believers launched by former Chairman Jiang Zemin on July 20, 1999, are something absolutely essential for mankind to reject, oppose, and eliminate. They aren't things for you to rack your brains thinking about importing so that stimmies can be collected from a central authority. If you want a future, we need to return to mankind's traditions, human, divinely imparted tradition and culture, and dispose of the garbage that is Marxism, atheism, the Theory of Evolution, and the doctrine of struggle. The fact that Paypal is being replaced by CBDCs is awful evident on monthly candles, which give you absolutely no reason to believe there's going to be any kind of Meta/Tesla/NVDIA-style reversal of fortune. But what's really notable about this stock, which I have criticized extensively on Twitter as not being a long, is the weekly bars, since April, actually indicate a long trade scalp is set up. That scalp setup has not been present for even one second, until today's post market earnings dump back to $68. The thesis is simple. Since Paypal has filled ALL of the gap, and over a long period of time, it indicates for lower prices to come, some objectives over previous highs are most likely in order. The most premium level for this to occur would be the January high at $88. But a failure swing somewhere over $84 would also be a heck of a trade. Where to long? Tomorrow's dump may be too early. The most perfect would be $65, under the flat bottom lows. But you may or may not get it. The problem is, how long does it take Paypal to mark up into the $80s? We don't have that much time to play with the JPM collar being long 4,200 SPX puts expiring September 29. And the markets are looking like they intend perhaps one more upswing before doom, which I cover here: SPX - The Sound of a Shattering Iceberg In any event, markets correcting violently and VIX pushing highs hard may put a painful and abrupt end to rallies across all classes. But it seems we may have a rally ahead. And with all the factors combining, buying Paypal between Thursday and Friday in a price range between $68 and $65 is a trade. If it doesn't go up, then the trade isn't confirmed. But you might have to wait at least a month to see if that comes true. What you don't want to and can't see is the $58 low taken out. When Paypal is done taking out short sellers who didn't take profit at $58 and want to ride to zero, I believe the next target is the $45 level. And then this thing goes the way of Bed Bath and Beyond and Blockbuster. Be careful. What lies ahead in the remainder of 2023 will be hard to navigate. And 2024 might be an entirely unpleasant experience for all.
NASDAQ:PYPLLong
by LordWrymouth
SOFI Swing Trade RecapSOFI as a fin tech company has been volatile. Besides the issues of student loan forgiveness, the federal adjustments of the intrabank overnight rates and inflation inparting the budgets of its customers, the landscape has landmines and its litterd with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some greed competing against fear with traders. I took a trade and the closed it on earnings. Here are the particulars. !. the 30 minute bare chart is overlaid with a double set of Bollinger Bands. The settings are not the default. If you want them, like the idea and then ask. A linear regression line with a period of 28 is added. The volume is underneath. Finally a MACD indicator in a lower pane. 2. For the entry, on July 27, late in the session, price fell outside the lower bands and then came back inside them after printing a red Doji bar and a little surge of selling volume above the running mean. There it was a simple easy entry. Price crosses over the regression line. MACD lines crossed under the histogram. 3. The swing trade progressed and price action progressed. On the mornings of the report release traders were freaked out. Was the beat good enough ? Volatity was over the top. after a bit of a drop, volume came into the trade in a big way and price followed the lead of volume ( serious money flow). Price shot higher and got beyond those BB upper bands with hugh volatility topping wicks. Once price got back inside the bands I exited. 4. This trade yielded more than 25% in 3 day pretty good for just a little effort. Of course stop loss was moved every time a 2% rise occurred the stop loss was moved up 2.2% getting closer and closer to price gradually. 5. Price dropped into a full pullback within a couple of hours. I would have liked to play the downside but I was overextended on the number of trades I was managing. 6. As an afterthought, price is now doing what is called a lower bollinger band walk, That is to say, it is increasingly at risk to reverse and start uptrending. Price is under the middle BB and a little under the mean VWAP. It is begging to reverse. I am waiting for an entry on that and the wait will not be long. ( By the way a certain someone, you are a smart trader and you will most certainly know I uploaded this idea for you).
NASDAQ:SOFILong
by AwesomeAvani
SQ WVAP Breakdown into Earnings LONGOn the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into a drop this week to earnings which were a 7% beat on earnings. MACD lines are about to cross. he lower RS line in green is showing bullish divergence while the mass index signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or flat candlebars at the end of the price action show the reversal is impending. I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.
NYSE:XYZLong
by AwesomeAvani
SOFI vwap crossover earnings 2 days LONGOn Friday the 28th SOFI had a good day. I am looking for more of the same going into earnings. It dropped through the middle VWAP bands and remarkably rebounded. Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band is normal and healthy. SOFI as a financial technology has been honing its margins in a challenging environment. I see a long trade here and will take it being careful to take profits quickly and pay attention to the earnings release. A stock trade on an the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.
NASDAQ:SOFILong
by AwesomeAvani
SOFI channeling but rising LONGShown on a 15-minute chart, SOFI is seen slowly rising in a parallel channel bounded by a pair of anchored VWAP bands - the first and second deviations above the mean VWAP from anchors back in mid-June. Fundamentally, SOFI has been challenged by another round of student loan forgiveness by our President as well as the instability in the prime rates ongoing. On the chart, price is near to the bottom support of the mean VWAP lines coming back to them since rising above them about July 10th. The trend index indicator is neutral having resolved a minor trend down. Price dropped today with the bond auction fiasco and general market downturn. the RS indicator shows both low and high time frame lines bounced from the lows and the lower time frame green line now crossing over 50. I see SOFI as ripe and ready for a long trade to exploit this dip and the overall long trend in a slowly rising channel I will set a stop loss under VWAP at 8.97 and the target of 9.45 , the first standard deviation blue lines and the POC line of the volume profile, and the secondary target of 9.95 below the second deviation red lines . I see that as a buy the low dip and sell upon the reversion to the mean.
NASDAQ:SOFILong
by AwesomeAvani
3
Is SOFI a buy or a sell?SOFi in the past month as shown on the 4H chart has run up more than 80% and now appears to be in a standard 50% Fibonacci retracement. Price has descended from two standard deviations above the mean VWAP to a single deviation after a Doji reversal candle on June 14th. The reversal was also marked by the RSI and the signal lines crossing at a reading of 93 and then descending. The price volume trend indicator went from green for increasing to a flat line and then red for decreasing. Overall, I believe that SOFI has nearly completed a retracement. I will watch for RSI to rise above 20 and the PVT to transition from red to green and the candles themselves for a bullish candle pattern or formation in order to ascertain an optimal long entry. I will do this on a 5 or 15 minute time frame chart to make the best assessment of that entry. My first target is $ 10.20 or just under the pivot high while the second target is $13.00 just under a support area a year ago on the weekly chart. Fundamentally, I believe that the reactivation of student loan repayments will have dramatic effects on SOFI's earnings.
NASDAQ:SOFILong
by AwesomeAvani
12
SOFI in consolidation so can it continue bullishSOFI on the 2H chart is showing a massive bullish move of 30% in ten days. Most of the trading volume was near to the present price and indicated by the POC line on the volume profile. Price has not moved since most of the trades as there is now a consolidation phase more or less in the style of the high tight bull flag pattern. The three pat indicator of RSI, momentum and money flow index is red for momentum which went over 60 and then 80 and otherwise green. Overall, the indicator is a bullish bias. The volume indicator interestingly shows most of the the massive increase in volume is at the consolidation phase. This makes sense to me because in a nearly parabolic up move without a pullback it is hard to find a decent entry. Many traders including those based in large institutions will simply wait until a consolidation phase begins. The price is in the upper VWAP bands showing buyer has successfully pushed against the well-entrenched short sellers. The rise in price could force short sellers to buy to cover and close. In doing so they would actually help entrench bullish momentum. I believe I will join others in a long trade awaiting the next leg up. My stop loss is the mean VWAP +1 std dev while the target will be mean VWAP +3 std dev. Fundamentally, I believe that the financial sector including the fintech subsector are getting hot as technology is overextended.
NASDAQ:SOFILong
by AwesomeAvani
3
Mastercard: Master the Hurdle! 🚧Mastercard should activate more upwards momentum to make it above the resistance at $390 – a feat in which it has succeeded already, albeit temporarily. Once above this mark, the share should vault into the green zone between $429.57 and $453.90 to complete wave B in green before returning below $390 again. However, we must keep in mind our alternative scenario with a probability of 33%: Mastercard might drop below the support at $340.21 to develop a new low first before heading further upwards. We would then expect this new low in the form of wave alt.(X) in magenta in the magenta-colored zone between $319.74 and $289.16.
NYSE:MA
by MarketIntel
Fiserv: Channel Your Energy 🪫🔋Fiserv is making use of our pink trend channel, where it has last finished wave (D) in magenta. Already, the share is on its way downwards to develop wave (E) in magenta as well as wave E in green, which should end at the channel’s lower edge. This low should then provide enough energy to lift the course above the resistance at $127.34. A 33% chance remains, though, that Fiserv could slip below the support at $87.03, thus triggering further descent. In that case, the share should expand wave alt.II in gray into the gray zone between $62.53 and $26.76 before moving upwards again.
F
by MarketIntel
Block: Playing Tag 🙃“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for Block to lose its drive and to drop below the support at $69.16. In that case, the course should develop wave alt.ii in magenta first before heading southwards, abiding above the support at $51.16 along the way.
NYSE:XYZ
by MarketIntel