$PYPL TOP 20
Added 2024-06-09 16:30:07 +0000 UTC$PYPL got a very strong reaction to holding on its 0.618 Fib and 200 Day MA last week.
In the same week we heard that a number of super investors have added significant amounts to $PYPL, also $ARK and the latest rumour is that Bill Ackman has been accumulating too, not confirmed yet however.
The set up is quite clearly there:
Hold on the 200 Day MA
Hold on the 0.618 Fib
Moving in an impulse wave
Above its 50 Day MA
Formed an ascending triangle
Finished the week above the blue line at $66.50, which has been a resistance level.
Now we need to see a breakout of the ascending triangle, for me it is at $68.30, so flipping this to support and we have another buy signal and I will likely add here to catch Wave 3 higher.
