PayPal gaps up on a rumored $60-per-share Stripe buyout offer, with resistance at $42-$45. Intel consolidates between $109-$110 and $120. The host maps bullish and bearish zones for both using Camarilla pivots and moving averages.
Chapters
Good morning, traders. It's Wednesday, July 15th at 4:18 AM. All right, 2 stocks for you today. We got PayPal and we've got Intel. So let's go ahead and have a look. PayPal is up massively, uh, pre-market. There's a potential buyout offer from Stripe or something like that, or whatever, $60 a share they're offering. So this one gapped up huge. We have lots of prints, 2.3 million here at the bottom of $42. So $42 to $45, look at that, 3, 5 7— there's about 15 million shares here. We have this consolidation that's going back. So we had this massive volume here, testing the print, moving higher, testing the print, moving higher, pulling back to the 8 exponential moving average, and off to the races. So let's go ahead and have a look on the intraday. We're above all the pivots and CAMs, which is pretty interesting. So we're going to be bullish above 55 here. Let's get above this candle. Target 56, 57, 50, 58.25, 60, 61.25, 62.50. Put it up there. The ATR on this one, $1.51. We're already five times that. We're going to be bearish below 54. Skip halfway through this candle anyway. Target 53, 52.50. Then we've got 50.90 is this R5, the low of this candle. 49.94, 48.98, 48.35, and 48.02. Down here is R2. We're getting back into. These levels here for a retracement. Okay, let's move on to Intel. All right, so Intel, this one here looks like we might be pushing up through some prints. We'll see. We've had two and a half million here on the bottom: 109, 46, 110, 95. So we've pulled down here and we're trying to break above that. So we've got this consolidation here. You can see all of this selling at the top: millions and millions. Two, four, five, six. 8, 9, about 12, about 16 million here at the top was a distribution pattern coming back down here. And it looks like potentially they're accumulating. We'll see what happens here if we can get up to this 120 level. Otherwise, on the downside, if we break below this, then we can continue lower. Let's go ahead and map this out intraday. We are going to be bullish above 112.50. Let's get above this R2 here at the top of this candle. Target 113.58, 115. Then we've got 118.05, which is R3, and then we've got 120.35 is 1.3 million up here. That's like I had mentioned, getting all the way up here. On the downside, we're going to be bearish below 110.75 right here. There's this, uh, 1.5 million and a cam right here, so 110.75. 110.10, 109.30, 108.79 is a cam here. Then we've got 108.27, 107.25 down here, and 106.85 is the pivot. You can see here, this is the post-market that's moved up. We got the 50 simple here, so be careful getting back into this. This was, um, previous support, the 50 simple. And if we move down here, I've stopped here at the pivot. 200 exponential, 200 simple, and 2 Camarilla pivots right here. So this is where we're ending up. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comments section below, and we'll see you tomorrow with all new trade setups. Happy trading. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
