$PYPL TOP 20
Added 2024-02-05 15:04:07 +0000 UTCIncredibly tight within the wedge now.....it looks like it needs to make a decision tomorrow because it is extremely rare for a wedge to not take a direction up or down when it gets into the tight apex of a wedge like this.
And on Weds they release their earnings report after the close....so we want to see a small rally leading up to earnings which means the market is optimistic about a positive report....there has been no massive rally here leading up to earnings so I do not expect a buy the rumour, sell the news event.
Both sides, Bull and Bears are at play here but the chart is favouring the Bulls slightly now.
But with the 50 and 200 Day MA's tightening and into a wedge....an explosive move may be next.
