I can hear the PAINpal jokes coming already...
But something fundamentally shifted for $PayPal(PYPL)$ .
PYPL is ready for a low-risk swing here at $61.30.
But why NOW, Luc??
Welp, PYPL's move to establish a US bank was bigger than most think.
To me, this is a potential structural shift in the business.
From a payment processor to a regulated financial institution (pending approval)...
Don't forget about OpenAI either. PYPL signed a deal to be a payments wallet partner within ChatGPT.
In the official Q3 results letter, PYPL said it was building for the "agentic future, partnering with leaders such as Google, OpenAI, and Perplexity."
Don't sleep on agentic commerce.
You guys know I love to speculate a little...look at this.
>
@X
was founded in 1999
> merged with Confinity in 2000 and became $PYPL
> Elon lost control, and was removed as CEO of PayPal while on his HONEYMOON in 2000
> 20+ years later he’s rebuilding the original vision under the "X" branding.
> unfinished business between Elon + $PYPL mafia...acquisition, partnership, etc?
Anywaysss, I digress.
I have the weekly chart attached here, and $60 is my risk level. If a daily candle closes under $60, I'm out.
Longer term idea, but interesting catalysts & banking buzz + low risk technical spot? I'm in.
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