44 days ago • Posted by Paul de La Baume

#Paypal - an interesting long term story to follow $PYPL #payments #investing #Technicalanalysis

PayPal's business benefited greatly during the pandemic. Its stock recently faced heavy headwinds amidst a rush for investors to sell stocks with higher valuation multiples. Valuation has come down with the stock down by approximately 38% since July 2021. From a technical analysis perspective the stock has maintained its key support level of $180. Price earnings ratio multiples are now close to pre-pandemic levels, but remain high given the payment leader's high growth profile. Earnings will be out early February 2022. 

#Stocks #Technical Analysis #Technology