$PYPL TOP 20
Added 2024-02-25 18:51:27 +0000 UTC$PYPL has been consolidating since its earnings decline and is making its way back to test the wedge trend line again at $60.50.
We know this area is a battleground between bulls and bears and so far the bears have won the first battle at their earnings release.
There is no reason why the bulls can not take the next round.
Getting above the red trend line, the price will immediately come up against the 50 and 200 Day MA's under $62.....the price action has not been able to flip this MA's yet, so the Bull Case will come down to flipping these levels and staying above $62....achieving this and we have our first signs of a reversal.
Comments
When rates do cut would PayPal and $SQ benefit or sell of the rest of market?
Steele Broderick
2024-02-26 23:06:46 +0000 UTC
