Jun. 1 at 7:51 AM
$PYPL remains one of the more interesting setups on my watchlist.
The stock spent weeks consolidating around the 0.618 Fibonacci retracement,
showing solid relative strength while much of the market focused on trade-related headlines.
After pressure from news impacting cross-border transaction expectations,
shares pulled back but found support right where the long-term trendline comes into play.
So far, buyers have defended that level well.
Fundamentally,
the business continues to generate strong cash flow and maintains a leading position in digital payments.
Technically,
the broader trend structure remains intact.
The valuation still looks reasonable compared to its historical range,
making it a name worth watching closely.
