The Long Investor

$PYPL TOP 20

Added 2024-01-01 16:35:09 +0000 UTC

We are all waiting patiently here for $PYPL, some believe this is taking its time but I have no concerns with a stock that has moved 22% in 2 months.

This has also been in the buy zone for a few months now, so there should be no reason to hear "when is it a good time to buy $PYPL?' .....and this question will come when this breaks out above the 200 Day MA and the falling wedge.

We have had an enormous amount of time to accumulate here.....the only questions that needs to be asked of yourself is, 'what stopped me from adding here? what was I not confident about? what do I need to improve on in 2024 to help me with making my decision to buy?'

I have my strategy and I very rarely alter this.

After it bounced on the red trend line at $50, I started aggressively adding and along with $AMZN, $PYPL is one of my biggest positions, with an average of $55.

I am not up massively but I am very comfortable with this average here, considering what may be ahead, if we get the breakout of this wedge.

The main risk here will be another rejection trying to get out of this wedge.

Earnings report is expected around the 30th of Jan, so we will either see a run up to earnings or a move sideways until then.

My plan remains the same here, if this tests the 0.38 Fib again at $60.13, I will add again and then wait.

Once $PYPL holds above $66.50, we are looking at a possible 70-100% gain in 2024....this is what the chart is showing me.