$PYPL TOP 20
Added 2024-03-01 15:44:50 +0000 UTCContinues to climb steadily and we can see today that it is testing the 200 Day MA from below for a second time at $61.60.
This level needs to flip to support and hold and the bulls would be in a very strong situation.
The pull back since the start of the year has made a solid support on the 0.618 Fib at $57, holding on this level 6 times.
The earnings gap is still above to close to $63.10 and the next level above to test will be at the 1.618 Fib at $64.22.
For me, I will be very encouraged to see the $61.60 level become a support level and will add again if this happens.
