$PYPL TOP 20
Added 2024-06-16 17:38:46 +0000 UTC$PYPL finished the week on the 200 Day MA at $60.64 after rejecting trying to get out of this ascending triangle and the negative catalyst that $AAPL are planning to remove $PYPL pay now on their website was a tough blow for the company.
We may be seeing a larger ABC correction playing out here and I have reflected that on the chart here, if the 200 Day MA is not held, so unless there is positive news early next week, I suspect the 200 Day MA will not hold so let's be prepared for the worst case scenario
$58 on the 0.618 Fib is where I would be watching for support, losing this level and there will be weakness, with the 0.78 Fib at $54 in the buy zone.
We can't say for certain that the 200 Day MA will be lost, I am just managing expectations here.
