We said yesterday that $PYPL was getting very tight into the wedge and would need to take a diection today because a price action wont stay in this sideways movesment in a tightening wedge and tightening 50 and 200 Day MA.
So far we are seeing a small breakout to the upside as we lead into earnings tomorrow.
The price is just above the 200 Day MA which is at $62.50, so a hold above this level puts $PYPL in a good position for tomorrow.
The implied move here would mean a bounce up to $73 with a clean breakout to the upside outside of this wedge.
Danielstocks#7923
2024-02-06 15:20:44 +0000 UTCLuc
2024-02-06 15:12:50 +0000 UTCGareth Neary
2024-02-06 15:09:20 +0000 UTCM
2024-02-06 15:05:39 +0000 UTCmakis
2024-02-06 15:05:13 +0000 UTC