$PYPL TOP 20
Added 2024-07-07 14:54:52 +0000 UTCBulls so far have stepped in and saved the blue support line and recaptured the 0.618 Fib at $58 but we know the big test is coming up next trying to recapture the 200 Day MA at the 0.5 Fib at $60.....the 200 Day MA is one of the most important indicators the market uses....the rule of thumb is that any price below this level is showing weakness and bearish, so flipping this MA to support again means that the bulls have been buying and believe there is value available here.....as we do too.
We also have this as a possible ABC correction complete too, so we need to start seeing a move in an impulse manner now.
No buy's yet until at least the 200 Day MA is captured again, $AMD, $SHOP and $ABNB look more appealing to me right now until then.
