PayPal Stock Getting Destroyed The Good News We Should Bounce
wow sothe payment space is getting decimatedand this is paypal oh man i don't evenknow what to do with this thing allright i mean i don't even know what totell you but you can see my markingsi've been charting this thing all theway up making some good money andeverything was working out right hithere double top action we expected topull back and then you know right in therange that's what this is all about thisis the low that you would expect it togo to but we sliced through that like itdidn't even existand we got the double top area which itdoesn't look like it's gonna cross thereanytime soonoh my gosh so let's just clear all ofthis out and see what we can make of ityou know one of the first things i ilook atwhich is just amazingis the volume look i mean this is likecapitulation like no one wants to ownpaypal no onethe rollover really started when theseguys wanted to buy pinterestwhich it absolutely made no senseno sense whatsoever and that was rightabout hereand just people are bailing and thenthey came out and said oh no no we don'twant to buy pinterest[Laughter]you know just roll it over i mean buti was in it right and i was like oh mygod i got to get out of this thing youknow i actually had a long call this onewhich is good good good thingand umi'm likei gotta get i gotta wait for the bounceright that's what you want to do that'sthe right thing to do don't don't reallyget out when it's rolling over you youwon't even get a good price just waitfor the bounceuh hello there was no bounce there's nobounce in paypallet me go to the daily see if we got alittle i mean right herehere maybeyou know but just oh man unbelievablelook at that gap down and justanyway i like to look at the weeklycharts so let's just get to it you knowmy goal i have long calls inpaypal and i have long calls and squarethe paypal calls are just gettingdecimated i mean so what i want to do iactually got long call spreads and uhsquare so what i want to do is sell outof this just give up on paypal and buythose short calls back on squarebutthat's just my trade i'm just tellingyou what i'm gonna do so here's theumfibonacci right and you can see 61.8 uhthis has got to be the target area righthere 61.8 is 168.right there you can see we haveit's a it's a strong level of supportright i meanwe played around here beforeso that's what's going to happen we goteveryone bailing it really should holdwe probably will get there becauseeveryone's looking at what i'm lookingat this is no secret here every platformevery chart has the fibonaccisand this support right there is obviousright it's obvious right heresoi think we go here i think a lot ofbuying comes in heremaybe i don't knowi'm sitting there saying really reallywe should have support here that's alli'm gonna call we should have supporthere i don't know how high we bouncei don't i just it's just this wholespace is getting decimatedthe whole space souh this is the target and uh if we canget a little bounce i i want to get outof my position i want to get out and iknow this is actually a great place toget in a great place to get and i wantto stay and i just want to take thatmoney and roll it into squareand why i say that because i don't thinkpaypal knows what the hell they want todobeing a social media company all of asudden and then if you look at squaresee the rollovers it's there it's stillin the rangeright and uh even though it's gettinghit hard today gosh down almost sevenpercentum i think once these this sectorthe favoritis where it comes back forthe most part um i think this squarewill be a leader and not and not paypaland you know if you look at visa samethingright visa i'm not a fan of it reallyeven though i love visamastercard not getting hit as hard asvisa mastercard is doing things in thebitcoin spaceso i actually like some of the thingsthat they're doing maybe that's why it'snot getting hit hard and maybe is itbitcoin just taking all this stuff downi don't knowi don't know i mean squares and bitcoinpaypal you know i don't i don't know sohis mastercard is it the uhuhbuy now pay paypay later spacegosh if i got that stock i wanted tolook up umyeah i forgot the stock for that so iknow it's a firm seefirm let's see what they look likethere we goyeah just same thing and there's anotheruh upstart is it upstart up start upstartstart holdings yeah look at thatjust incredible the whole space howabout this how about thishood[Laughter]how about that robin hood right let's goto daily because look at this just rightall-time low right herethe whole the space didn't rememberkathy woods loading the boat up aroundthis areaaround this area anddown there you want to see how arc funarkffintech this one is really not gettingdestroyed that much i actually don'tthink it's a heavy fintech the last timei looked it is fintech but i just gotother stuff in there as well but it's inrange it's in the range but anywaythat's paypal let's the bounce is comingumhopefully if it if it slices throughthat i don't know what to tell you if itslices through uh 170 i don't know whatto tell youhere you're going to 124i don't know man anyway that's paypallet me know your thoughts let me knowyour thoughts on films on paypal or ifyou're in stock in the comments or ontwitter hit me up on twitter draytradesuh instagram tradetrades as well thanksfor watching peace
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