$PYPL TOP 20
Added 2024-03-10 19:40:04 +0000 UTCContinues to be on the wrong side of the channel but not breaking down from the structure yet.
I did sell 50% of my position in $PYPL this week and will stay in cash until I see a breakout of this channel and most importantly getting above the 200 Day MA at $61.50 which has been a difficult level to break above....3 rejections at this level now is there reason for my sell but I am in cash here with that allocation and will have no issues re-deploying if the price can break above these levels.
Price needs to stay above $57, if it can, it can make another attempt to break out of this channel and hold.
