Just entered Paypal at 39.5

2

Just entered a long position on paypal @ 39.5

Reason: I like paypal, i use paypal. Great brand, Huge growth space in the mobile industry. Plus now it is near its support. More over most businesses use paypal checkout.

Risk: Strong competitors like master card and visa trying to dominate the online payment industry.

Current TP is 42 but will exit earlier or later depends on fundamental.

1

Sorry chart too big for my website, try open in new tab

 

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