I have observed similar chart patterns on numerous occasions (please refer to the comment section for an analysis of the Psychology of a Market Cycle).
The stock experienced a notable decline following the Q2 earnings. At present prices, there is a possibility of witnessing a rebound and potential gap fill. However, this might be followed by another downward movement, potentially testing or even breaching the 52-week low, before subsequently regaining momentum.
Considering PayPal's Stablecoin Strategy, along with their earnings growth and the anticipated $5 billion in total share repurchases during the second half of 2023.
The question is whether or not you have the patience to stick it out until then.
The stock experienced a notable decline following the Q2 earnings. At present prices, there is a possibility of witnessing a rebound and potential gap fill. However, this might be followed by another downward movement, potentially testing or even breaching the 52-week low, before subsequently regaining momentum.
Considering PayPal's Stablecoin Strategy, along with their earnings growth and the anticipated $5 billion in total share repurchases during the second half of 2023.
The question is whether or not you have the patience to stick it out until then.