Hello Friends welcome to the post, As you all now this year not a great year for the whole world market. Every Stock is falling since start of this year. There are so many stocks which have fallen from their top levels and here we as per our knowlegde try to figure out best Buying levels for the stocks.
Today we will try to find out best level for Paypal Stock to accumulate. as you know Paypal is falling from $300+ level and presently it is trading near $70, that mean it already shown 78%+ fall till now.
It is obvious now after seeing such a brutal fall nobody dares to buy these kind of stocks. Beacause it like catching a falling knife it only can hurt you.
Also Read : Right Time To Buy Bitcoin ?
But there is also a point which you should keep in mind that when EveryOne one is fearfull be Greedy and When everyone is Greedy be Fearful. So this time every one is fearfull for this stock so it is the best time to accumulate this kind of good stocks. But that doesn't mean just go and punch a Buy order to the exchange, First you should the know the best buying levels ofthe stocks so you can accumulate such stocks at less risky point so your Risk Rewards will be in your favour.
PayPal Tchnical Chart -
Here is the Chart of Paypal where you can see Stock is making a Tringle type of pattern where price fluctuation is getting very less day by day this is the sign of accumulation by deep pockets guys, so if they are accumulating here we can expect a sharp rise here in anytime soon.
PayPal
CMP - 71.47
Best Buy -Near lower end of the triangle
SL - Few points below Lower end of triangle
Best Buy -Near lower end of the triangle
SL - Few points below Lower end of triangle
Targets - Open
But here we are making some assumption so we should always be prepare for worse case scenario to, like what will we do if our assumptions gone wrong and stock started to fall form here. Then to handle this kind of scenario we should always know our StopLoss. Stoploss is the point where we will withdraw our position if market is not in our favour.
You Should Also Read This : When To Buy Tesla Shares ?
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Disclaimer- Above views are my personal not any trading advice. please consult with your financial advisor before Taking any call.
