$PAYO is still holding up very well here since breaking out of its wedge post earnings, I would still expect a pull back to the 200 Day MA which is at the wedge breakout level before moving higher.
These set ups are usually prime targets to take advantage of, so we will put this on alert and watch closely for a retest and hold at $5.40.
If we get the hold, then it is worth considering a position because the upside potential there is significant.
On watch.
Andy
2024-05-16 22:28:47 +0000 UTC