I sold my PayPal position today with a profit of around +15%. In contrast to many other investors, who are now completely turning their backs on the stock, my decision was primarily based on the charts. 🧐
Since April, I have seen many overlaps in the upward movement, which for me is an indication of a corrective structure and not a sustained change in trend. 👋
I personally think it is realistic that PayPal can / will form a lower low.
Although there are no acute fundamental problems, growth is flattening out somewhat, competition is increasing and the market unfortunately has little confidence in the management at present.
I have used the profits to
- mine $VWRL (+0.44%) as the largest position and
- build up a further position in $MUV2 (-0.91%) build up
How do you currently see PayPal? Still turnaround potential or just a technical countermovement in a downward trend?
