I am watching to see if $PYPL can hold support on its 50 Day MA on the 1hr chart and then bounce again, if not I will be looking for the yellow trend line as a potential support level instead.
There has not been any aggressive moves from $PYPL yet, unlike what happened with $SQ, so we will continue to wait.
I have been contemplating adding more $PYPL but it is now 20% of my total allocation and I typically do not exceed this, as $AMZN has already has gone over this level and it is unlikely I will have two stocks above my limit.
Danielstocks#7923
2023-12-05 16:31:48 +0000 UTC