$PYPL TOP 20
Added 2024-01-17 11:09:47 +0000 UTCA lot of weakness in the market this morning, across the board and particularly with finance and Chinese stocks.
This is when you will be tested, to hold your nerve and not get triggered.
We have been in this situation many times before and the harsh aggressive pull back of Wave 4 should have taught us how to handle market pull backs.
$PYPL is back testing the 0.618 Fib level again at $57.60 now.
I would like to see this hold this level but if it can not, we need to be open to the possibility that $PYPL is not ready to test the 200 Day MA just yet and may start moving down through the red wedge again.
Below $56.65 and the Wave 4 count is invalid, so this is what we will be watching for today.
I am not selling $PYPL under any circumstances and if I need to wait a few weeks/months longer for this to break out, I do not mind.
If this is something you are struggling with then make a decision early that suits your strategy.
We are long term investors here.
Comments
I set my stop loss below at $65.62 and got stopped out! 😢
iTurp
2024-01-17 21:31:28 +0000 UTC
