The PayPal share recovered significantly in 2024. YTD is trading at 45.4% performance. An interesting formation is beginning to emerge.
Our main scenario sees a looming Cup & Handle formation. The bottoming out in recent months is almost predestined for this. We expect the zone around $102 to be approached, and then a transition to consolidation. This should be followed by a major breakout towards $150.
As a secondary scenario, we see a relapse below $76, which would negate the main scenario. Falling prices in the $50 range would then become the focus.
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