$PYPL TOP 20
Added 2024-01-07 20:34:50 +0000 UTCI changed the candles here for this update because I want you to see the clear gap above to $72.45 and to show the very clear green candle logged on Friday after bouncing extremely well on the 50 Day MA and the 0.618 Fib.
A strong confluence level delivered the support that we wanted and needed.
I have also seen the inverse head and shoulders here, with the left shoulder completed on the 18th of August, so there is a number of bullish indications to be seen here.
I added considerably here at the end of last week because of what I am seeing and this is another stock I am fully committed to here and under no circumstances am I selling until we get out of this wedge, the value is too attractive to ignore now.
So whatever happens trying to get above $64 and $66, I am sticking with this if there is a rejection.
The gap fill to $72.45 is the main short term target here first.
Comments
Very good FA post on PYPL https://twitter.com/value_edge7/status/1743818680796913711?t=-3YFUfJzbEheUlwpPxm5Sw&s=19
TommyJR
2024-01-07 21:29:06 +0000 UTC1 question here - assuming we break out above the $66.62 into the gap fill, how much of a pullback for wave 2 are you expecting before rallying up to the target of 80+?
happylucky782
2024-01-07 20:58:27 +0000 UTC
