$PYPL TOP 20
Added 2024-06-30 19:07:52 +0000 UTC$PYPL has had a difficult time since rejecting at its ascending triangle top level at $68 and has dropped hard, we want this pull back to be a standard ABC pull back and so far this is what we are getting, as the price finished the week at the 0.618 Fib at $58.
For me, this is the last line of defence before we see a lot of weakness, the price action was able to hold above the blue support line and not dip into the Buy Zone either.
Bulls need to add now and regain the 200 Day MA at $60, otherwise the price needs to hold here until earnings is released at the end of July.
I am not adding to my position right now.
