Apr. 6 at 9:02 PM
$PYPL $PYPL One more flush to
$30 is very real
Everyone keeps asking why it would go lower. Simple answer: the market isn’t done repricing this yet.
No aggressive buybacks = no real floor. If management believed this was a steal, they’d be loading up. They’re not. That tells you they either expect lower prices or don’t have conviction in near-term upside.
The chart isn’t basing, it’s stalling. Sideways action after a breakdown is typically distribution, not accumulation. Every bounce gets sold & continues to print lower highs. That’s not a bottoming structure.
Add in weak sentiment, institutional selling, and lingering trust issues, & you have a setup where rallies are exits, not entries.
If mid-
$40S break with conviction, the next real support zone sits in the low
$30S. Markets tend to overshoot, not stop cleanly where people expect.
The biggest mistake right now is buying weakness because it “looks cheap.” Smart money buys strength & confirmation, not falling knives.
Be careful here.
