PayPal Holdings, Inc. (PYPLUS)

PayPal is a leading provider of online payment technology, enabling individuals and merchants to conduct electronic transactions and transfer money quickly and securely. In addition to the PayPal brand, the company also operates Venmo, Xoom, Braintree, and Zettle.

- By Peet Serfontein, Motheo Tlhagale

Technically, a price that remains above support presents a promising investment opportunity (see the black trendline on the main chart). When the price consistently holds above a well-established support level, it is viewed as a bullish signal.

The price seems to be in the accumulation phase of the Wyckoff price cycle, characterised by trading in a defined range. Volume patterns during accumulation often show increases on up-moves and declines on down-moves, indicating that selling pressure is easing. The start of upside price momentum, as indicated by the Moving Average Convergence Divergence (MACD) histogram, further supports a bullish stance.

Please note that you can enter this trade on the JSE by purchasing the FNB ETN that tracks the underlying performance of this stock. PPETNC offers full exposure to rand exchange rate movements, and PPETNQ removes currency exposure.

Technical analysis