PYPL BULLISH RSI DIVERGENCE
PayPall share price has been sharply down this year. Investors are scared of a slower growth in e-commerce transactions in the near future.
While a slower growth in e-commerce transactions is possible in connection to the increasing probability of an economic recession in the next 12/18 months the e-commerce percentage of total world wide retail sales is expected to reach 25% in 2025
PayPall balance sheet remains strong and it’s market share as of today represents 50% of the online payment processing environment.
The current RSI divergence both in the daily and weekly frequency signal an interesting opportunity to initiate a long position in PYPL
While a slower growth in e-commerce transactions is possible in connection to the increasing probability of an economic recession in the next 12/18 months the e-commerce percentage of total world wide retail sales is expected to reach 25% in 2025
PayPall balance sheet remains strong and it’s market share as of today represents 50% of the online payment processing environment.
The current RSI divergence both in the daily and weekly frequency signal an interesting opportunity to initiate a long position in PYPL
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