$PYPL TOP 20 - REDUCING MY POSITION BY 50%
Added 2024-03-05 20:10:50 +0000 UTCAnother rejection at the 200 Day MA and 50 Day MA today, I am up 11% here so I am reducing my position by 50% here and going to cash with this allocation.
Cash will be on hand to buy back in later when this gets back above the 200 Day MA.
$PYPL remains undervalued but as I highlighted in the TLI chat earlier, $PYPL and $AMZN are my two concerns and if I can reduce my position in $AMZN, then I'll certainly do it with $PYPL.
This is 3 rejections at the 200 Day MA now.....I have seen enough to reduce my position.
Comments
Can't be clearer. Nobody could say you didn't say it :-) Thanks
Luc
2024-03-06 03:10:18 +0000 UTCSQ is still holding above the channel thanks to BTC but the BTC pull back could change that
Gareth Neary
2024-03-05 20:34:21 +0000 UTCDo you view the structure of PYPL similar to SQ? How would you advise there?
Jesse Barba
2024-03-05 20:19:44 +0000 UTCCurious as there’s so much positive talk on X etc ..
Johnnyboy
2024-03-05 20:15:39 +0000 UTCHow much lower do you see this going?
Johnnyboy
2024-03-05 20:14:45 +0000 UTC
