 Welcome, traders, to another Tick-Mill earnings report preview with me, Patrick Munley. Before we jump into today's report, it's important that we adhere to the risk disclaimer. The information provided today is for information purposes only and should not be considered as investment advice. The views, information and opinions expressed by me in this recording are solely mine and they're not indicative or representative of those held by Tick-Mill UK or Tick-Mill Europe Limited. Equally important, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% and 65% of retail investor accounts lose money when trading CFDs with Tick-Mill UK and Tick-Mill Europe Limited. Okay, so let's jump into today's report. Today we're looking at PayPal, which will release their earnings after the close in New York today. Contensus is for an earnings per share of $0.89 on revenue of $6.4 billion. There is a whisper number on the street that earnings per share could commit slightly higher at $0.90 per share. Let's take a look at what we can expect in terms of the report. PayPal has boasted really a consistent track record of earnings and sales growth stretching back to at least 2010. In that year, it earned a mere $0.29 per share. In 2019, the company reported a $2.96 per share. In 2020, the firm's earnings grew 31% to $3.88 per share. In 2021, the company's EPS grew 80% to $4.60. Let's expect the company's EPS to grow just 1% in 2022, but then they're looking for a 25% lift in 2023. PayPal reported its fourth quarter earnings results on February 1. The company's reported fourth quarter earnings result, earnings fell way short of expectations, while total payment volume also came in below estimates, resulting in nearly 25% plunger shares. PayPal continues to battle with block in the cryptocurrency space. The two payment companies are marketing apps that let shoppers get discounts, make installments and buy cryptocurrencies. PayPal's Venmo and the Square Cash App started off as person-to-person money transfer services for family members and friends. Now they've evolved into broad consumer financial services apps, fueling growth for these leaders in the burgeoning field of digital payments. In late 2020, PayPal launched a cryptocurrency trading service allowing clients to buy and sell Bitcoin. In addition, PayPal customers are able to use cryptocurrencies to shop at 28 million merchants on its network, which started earlier this year. Let's take a look at the statistics around the trading patterns at the earnings release for PayPal. Stock has moved higher in the immediate aftermath, seven out of 12 previous reports on average, so the stock moved down 0.9% in the first day of trading after the company's reported earnings. Based on the previous 12 earnings releases, PayPal is more likely to trade lower one day after earnings for an average loss of 0%. The average post-5-day performance is a positive 0.2%. Let's see what the options market is pricing in terms of implied volatility. Options trade is looking for a 12.9% move on the earnings. Stock has averaged a 9.1% move in recent quarters. It's a decent volatility trade there. In terms of the flow and sentiment, we have a notable buyer of just over 10,600 contracts of the $100 call expiring Friday, May 20th. The options order flow in general has been pretty bullish. Investor sentiment going into the company's earnings release has 54% expecting earnings beat. Short interest has increased by 15.5% since the company's last earnings release, while the stock has drifted lower by 38.5% from its opening following the earnings release to be 57.2% below its 200-day move. The average at $201.08. Let's take a look and see what the technical setup may give us from a trading perspective. I'm tracking a five-wave decline here. It looks to me as if we have achieved the minimum downside objective for the fifth wave to be in place, so 81.83%. We've got some nice momentum divergence developing here. What I'm actually going to be looking for here are bullish reversal patterns post-the earnings release to play the long side, looking for a break of the trend channel resistance through the $100 mark, where we've got that call buyer. And through the high volume node then at 105.17%. And ultimately what I'm looking for is a minimum three-wave corrective move to the outside to get a retest of that wave four high there coming in just above 123.79%. At this stage, if we do get another horrid report, I would anticipate any moves through $82 to target a test of support down to the 74.84. We could start thinking about looking for this bullish reversal, but as we stand at the moment, I'm watching see if we can get that turn into this wave five low and play for a minimum three-wave correction to the outside. As always, traders, plan the trade, trade the plan and most importantly manage your risk. Until next time, thanks very much.