The Long Investor

$PYPL TOP 20

Added 2024-07-31 14:11:18 +0000 UTC

$PYPL gets the continuation today in line with the market getting a well deserved bounce too, while we wait for Powell to speak later and for more reports to be released after the close later and tomorrow.

It has been a strong run now for $PYPL from $57 to $66 and the price is back into the ascending triangle now and can easily run to the top line at $68 before pulling back.

So where the pull back settles will be important, on the ascending triangle bottom line at $65 or the 50/200 Day MA at $60, either support levels are fine with me

But it is extremely unlikely that it will just keep going up like this without needing a pull back to confirm the impulse structure or confirming a new support level.

Where it finds support we will consider adding.