SamSuka
The Long Investor
The Long Investor

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$PYPL TOP 20

Well that worked out very well for us.

The bullish ascending wedge delivered when the settings were right.

PPI came in negative, CPI came in as estimated, the Fed did not change their rates and the 10 Year dropped hard...which meant that $PYPL was only going one direction, especially in an ascending triangle.

I alerted in the group yesterday that a break above $60.40 was our trigger for more upside, AH trading continued to push higher too.

Wave 3 remains the same at the 1.618 Fib as always at $64.

Let's see if $PYPL can get the momentum behind it now.

$PYPL TOP 20

Comments

Decided not to chase. Will wait for sun wave 4 which should bring it back to 60.40 if things go according to plan. We will never know though so I’m saving that bullet for better value. May be from PYPL or may be from somewhere else

Chris H

Doesn’t look like we will get a retest soon with the way things are running!

Chris H

A retest is always great to see and if we do get it at $60.40 and it holds then thats your buy signal. A lot of people have averages around here so youd be in good company

Gareth Neary

If it keeps running, will we still get a chance to see confirmation? Thinking of pouring some funds back in here. Looking good for the next few months. Similar to what you did with Google.

Chris H

I am staying in and not taking profits, this has been boiling for some time and we could see some strong moves. Wave 3 is always set at the 1.618 Fib....it is a very popular and important Fib level.

Gareth Neary

I ask cause I wonder if to take profits there or let the momentum continue maybe higher

Tomer Altman

Do you think it will stop at 64? Or maybe because of the macro it can run more?

Tomer Altman

Yep, will do, will look at this over the weekend as part of our Top 20 upload

Gareth Neary

Hey Gar. Would be great to have long term chart from you. Thanks

WiktorW


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