$PYPL TOP 20
Added 2024-08-04 18:54:29 +0000 UTC$PYPL got the God candle after it reported on Tuesday after a double beat and improvement across all metrics.
We spoke during the week that the bounce is unlikely going to go above the $68 level and a pull back will be needed first, which we expected to come down to the 50 and 200 Day MA......and this is what happened on Friday, price finished the week just sitting on the 200 Day MA.
$PYPL is certainly in a consolidated range and until $68 is converted to a support level, this may continue, a hold above the 200 Day MA is a good signal for the bulls, like I have said many times before, $PYPL did not follow the market higher and I don't expect it to start following the market now.
I would consider adding to my position once $68 is flipped to support, for now I am happy with my position which is only up a few percent.
