$PYPL TOP 20
Added 2024-01-09 15:02:26 +0000 UTCWe got some manipulating from Morgan Stanley before the open today, the timing of which is very interesting as it starts to build momentum towards the $64 - $66 level.
I am not buying this downgrade from them and it looks like a clear attempt to accumulate before leading up to earnings next month.
Remember, everything changes for $PYPL if if can hold above $66, so they need to do this now before it ran.
Thankfully the market has not taken the bait so far and the price is just down over -1% right now.
The pull back at the opening held the 200 Dma and is now above the 50 Dma on the 1hr chart too.
For now, this is nothing more than a retest of crucial levels for a test of support.
Comments
Agree, they did this recently with NIO also with an overweight rating $18.70 on 12/26/23 then we moved 20% down since.
Halcyon
2024-01-09 18:59:49 +0000 UTC
