$PYPL TOP 20
Added 2024-05-18 19:26:18 +0000 UTC$PYPL is doing what it does best, moving sideways in a controlled manner.
The longer the market drags out, waiting for the Fed to pivot and reduce rates, then the longer this saga can continue.
We are seeing the same for $SQ, $AFRM and $SOFI too
$PYPL and $AFRM look to be in the strongest position to benefit once rates are reduced
The 10 Year also held support on the 200 Day MA this week.....adding to the pressure of these stocks.
On the chart, Wave C is between the 0.5 Fib and 0.618 Fib and above the 200 Day MA, as long as the 200 Day is held, I am happy to hold and stick this out.
Comments
Why does PayPal benefit when rates are reduced?
Chris H
2024-05-19 07:00:12 +0000 UTC
