As we know, PayPal's Q3 quarterly have shown a steady growth of the company, which is also trying to open up to collaborations with a giant like Amazon. However, this had an anomalous effect on the markets, where PayPal lost more than 10% in the following days.
At this point, using a Fibonacci retracement with a minimum set in May 2020 (ie when the main lockdowns are over and a "new era" has begun for everyone, including the markets), we note how the decline of these days has reached the famous "61.8%", one of the most recurring and well-known retracement points in the trading world.
Let's add how a company like PayPal has hardly already reached its waning phase, and indeed still has to reach its maximums (introduction to payments with crypto).
I leave the conclusions to you, I only tell you that in my opinion this is the right time to buy PayPal on sale
At this point, using a Fibonacci retracement with a minimum set in May 2020 (ie when the main lockdowns are over and a "new era" has begun for everyone, including the markets), we note how the decline of these days has reached the famous "61.8%", one of the most recurring and well-known retracement points in the trading world.
Let's add how a company like PayPal has hardly already reached its waning phase, and indeed still has to reach its maximums (introduction to payments with crypto).
I leave the conclusions to you, I only tell you that in my opinion this is the right time to buy PayPal on sale