The Long Investor

$PYPL TOP 20

Added 2024-02-11 19:18:24 +0000 UTC

$PYPL did not give us the victory lap we were looking for this week post earnings but there was a strong performance and response on Friday and finished up 5% for the day.

We needed $PYPL to find support after sinking on Thursday and support was found on the 0.618 Fib at $57....it is absolutely vital that we see a follow through with this price action into next week.

There is a large earnings gap left behind up to $63, so filling this gap puts us back above the 50 and 200 Day MA....this would be a great achievement from the bulls and the market to rubbish the over reaction from the earnings report.

CEO needs to over deliver now on their lower guidance for the FY '24.

$PYPL remains undervalued at this level and still in the middle of the buy zone now.

As always, I'll regularly upload updates throughout the week.