$PYPL TOP 20
Added 2024-01-31 16:00:58 +0000 UTC$PYPL is showing its teeth here.....people are a little uncertain towards tech stocks today and appear to be shifting towards undervalued as a haven to weather the storm and $PYPL appears to be benefiting. It has managed to hold on the outside of the channel so far on the red line.
We can see that the price action rejected at the 1.618 Fib at $64.19, so the market has identified this as a resistance level now and shown resistance 3 times now since Wave 3 completed, as long as the price holds above the 50 and 200 DMA here, it can make another attempt at breaking through this level.....a break above this level and we are in a very strong position.
I am still bullish on this set up.
