$PAYC - RC -
Added 2024-01-04 09:38:49 +0000 UTC$PAYC has struggled over the last few years and over the last few months, it has dropped below its Covid low line at $163 but has managed to bounce from this level.
I can not rule out the possibility that this will pull back again to its Covid line or the 0.78 Fib at $126 because the trend here favours the bears.
The only positive I see is that the price action has been able to recapture the 50 Day MA and bounce since October.
If the price can at least consolidate between the First and Second Target here to build strength, I think this would be a positive outcome.
