$PYPL TOP 20
Added 2024-07-21 14:10:18 +0000 UTCNot a particularly good look here for $PYPL, bounced on the blue line and got back above the 200 Day MA but tested the 50 Day MA this week and rejected, as remarks came out this week from Trump and Dimon that the Fed should not Rate Cut this year.
This was a blow to $PYPL and the sector, on top of a weak week, the $IWM reacted quite poorly to this too.
What we want to see from $PYPL now is a higher low next with this pull back and staying above the blue support line again.
Holding above the 0.618 Fib at $58 would be ideal.
I am holding but have not considered adding here for sometime time, I need the 200 Day MA to be converted to a support level before I will add here again.
I welcome a new earnings report however to show that fundamentals remain strong.
