Still in the buy zone and I have been adding to my position under $56, $PYPL is back to being in my Top 3 largest positions right now, I am also back green too, up only a couple of percentages.
If the price is in any of our buy zones, on any of our charts, I consider these attractive positions to be in......I am also bullish on $PYPL too, especially with strong rotations out of Mega Caps this week....I also follow the 10 Year Yield very closely and have said for a number of months now, when this pulls back, financial sector stocks will rise. The US 10 Year has moved from 5.1% down to 4.1% in just over 4 weeks.....this 20% drop is also exactly the gains that $PYPL has experienced in the same amount of time.....although not as much as what $SQ has enjoyed.
That being said, $SQ lost a lot more ground over the last 6 months compared to $PYPL.
$PYPL is looking good here to move higher to our Wave 3 target and continues to make higher highs and higher lows, I want to see it break out of this channel next.
$PYPL's buy zone is up to $66.
Danielstocks#7923
2023-12-03 18:38:33 +0000 UTCGareth Neary
2023-12-03 18:31:49 +0000 UTCFrederik Dalgaard
2023-12-03 18:29:33 +0000 UTC