Very simple plan here now for $PYPL
All we need to see is a break above $68.21, which is the previous high and we have a higher high and this could trigger the market to buy hard.
We finished the week at $67 and above the blue line, with a number of retests at the line during the week.
We also got the Golden Cross this week too.
Only variable is how the 10 YR behaves at the opening on Monday to the PCE figures released yesterday, which were in line with estimates and Powell said it is moving as they have hoped....which is a good sign...so the 10 YR should move down slightly on Monday which may be the catalyst $PYPL needs to pop out of this range.
$78 remains the first target for me.
Ilia$
2024-03-30 15:03:13 +0000 UTC