CHART OF THE WEEK - PayPal Holdings (PYPL)

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DISCLAIMER: This chart is based on this date. I'm not suggesting a move up or down. I'm showing a chart I'm watching. I'm not recommending this stock as a purchase. Think of it like this, your showing the world thru my eyes and how I see this chart. Period!
CHART OF THE WEEK
PayPal Holdings	PYPL		LAST TRADE >	$92.39
See Current Stock Price-PYPL			POSTED ON	4/6/2020
See the World thru my eyes - Chart Breakdown of the Week
How I see it - With our world moving to remote solutions for pretty much everything these days it's makes sense that traditional banking with its brick and mortar offices will eventually disappear ... the overhead of rent, tellers, holding of money ... online banking with mobile apps will be the norm and with companies like Paypal having such a strong position in the space (due to its early ties with eBay making it popular and trustworthy early in the Ecommerce game) Paypal has positioned itself to be a leader in the space. That does not mean traditional banks like JP Morgan Chase and Wells Fargo haven't beefed up its online presence but what is apparent is that once people get comfortable with something they are using ... they don't change. Paypal being a millennial bank its user base is young, will not care about brick and mortar buildings for doing business ... customers can literally do everything from the app and get money from any ATM ... the way banking has changed ... if would not surprise me if brick and mortar banks go away too ... 100 years from now but I think you get my point. Checking PayPal's chart below, as with most ALL stocks we watch are down ... but PYPL is showing resilience ... and could be one to check out.

RSI	SMA (100)	SMA (200)	KELT MID	OBV TREND
43.72	108.28	108.25	97.5	TRENDING LOWER
CLICK IMAGE TO SEE IT LARGER IN ITS OWN BROWSER WINDOW

What's the RSI telling me?
RSI - The RSI is between 40/50 which represents for me a stock that is 'for the most part' fairly valued with some good upside value if the markets are bullish
CPT - PYPL has fallen with the rest of the markets and its hard to tell it it will maintain this RSI level ... what I like is its dancing between 50/40 and not 40/30 ... bullish still in this bearish environment if you ask me
Support Lines
SMA - When looking for a 'Low Entry' purchase we would love to BUY near the 100 day or 200 day support line. It's not 100% but its a 'Buy Low' situation vs 'Buying High'
CPT - again, stocks are ALL trading under this key support levels so I'm going to say these levels need to be more dialed in ... although the 200 day might be one they trade it back up too ... still little early on these levels
Resistance Line (What Wall Street considers its Top of the Chart near term movement)
CPT - because were not trading higher this is not testing resistance lines ... so this indicator is not a factor in my decision whether I make a purchase in AMD right now. I would click the link to see where it is trading just for reference :)				See Support-PYPL
Keltner Channel Breakdown
KC - The stock is trading AT the KC MID line which presents more FAIR VALUE trade / purchase and now is the time for me to start watching the stock. I like buying for value UNDER the MID line.
CPT - I will say this ... notice how PYPL is trading UNDER the MID line ... its almost acting as resistance for the stock but I will say this, because the markets have been so vol ... this too might be a false flag until we get into more clear territory ...
On Balance Volume or buying momentum ... is it trending Up?
OBV - The 'On Balance Volume' trend line is UP which tells technical traders that the stock has good momentum or in straight talk, people are BUYING IT. This is a 'Green' check mark for me.
CPT - thing to notice, prior to the Crash it was trading sideways to higher which is a positive ... since then, trending lower but its a rare bird to find a stock that isn't right now.
Further research with - Using charts for technical analysis, Dividend information and Earnings Report Date
RSI, SUPPORT LINES		KELTNER, OBV
View Chart-PYPL		View Chart-PYPL
Is this a good company for Writing Covered Calls? ONLY you can be the judge of that :)
Looking at a 30 day window using just (1) deviation out ...
Current Price	Strike Price	~Prem	30 day return	Expiration
$98.18	$99	$5.50	6.44%	4/6/2020
Check this stocks options here >		https://finance.yahoo.com/quote/PYPL/options?p=PYPL
Definition of the various charting indicators I use
RSI - The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Source - https://www.investopedia.com/terms/r/rsi.asp
SMA (100/200) - A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. ... Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react. Source - https://www.investopedia.com/terms/s/sma.asp
KC - The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range. The Keltner Channel is used to signal possible price breakouts, show trend, and give overbought and oversold readings. Source - https://www.investopedia.com/terms/k/keltnerchannel.asp
OBV - On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. ... He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward. Source - https://www.investopedia.com/terms/o/onbalancevolume.asp
Disclaimer - No - at the time of this posting I do not have a position in this equity. I will not take a position in this equity for 3 days of this equity as to not front run for this equity.
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