$PYPL TOP 20
Added 2024-02-19 21:28:56 +0000 UTCI would be lying if I said there was not a concern that $PYPL can not go lower and make a lower low below $55.70, since the price is back into the red channel, after rejecting getting out of it at its earnings release.
This has knocked $PYPL back but the fact remains: $PYPL is undervalued at these levels and is still in the buy zone.
Bulls need a big showing this week and the 200 MA on the 1hr chart is again at the red trend line, further solidifying this level as a confluence level and a resistance line that needs to be flipped to support.
Bulls have stopped the bleeding post earnings and have recovered moderately but they need to continue buying or a second rejection getting out of the channel and this will go lower again and I will trim my position.
Comments
I have a large position in $PYPL and my average is $55, I will free up capital to buy other stocks that are in a bullish position right now. The majority of my position is not moving. I increased my position in $PYPL while it was testing its break out, this is stalling now, I do not have to be so exposed to this stock while the trend is struggling.
Gareth Neary
2024-02-21 18:12:24 +0000 UTCConfused you're trimming below $55? Why would you do this if it's in the buy zone?
Danielstocks#7923
2024-02-21 17:16:16 +0000 UTCI’m also confused, if it dips under 50s you will be trimming your position?
Viks
2024-02-20 02:03:19 +0000 UTCUnder 50s You’re trimming?
Brian
2024-02-20 01:32:53 +0000 UTC
