The Long Investor

$PYPL TOP 20

Added 2024-01-21 20:21:30 +0000 UTC

The bulls could not have done any better over the final days of this week if they tried.

We expected some resistance at $64 and we said that we needed a catalyst to help break through this level.......and we got it, the CEO came out swinging, saying $PYPL would 'shock the world' on the 25th....the market reacted very positively.

I tweeted that $PYPL needed a catalyst and tagged the CEO and he delivered. Now we need a continuation next week...on the 25th he is due to set forward the ambitious plans....we are going to watch very closely how the market reacts leading to this event.....if it rallies parabolically then we need to be mindful that there might be a buy the rumour, sell the nes event directly after the plans are revealed.

We'll be ready either way.

For me right now, holding above $66.50 is incredibly bullish and gets us out of the danger zone and out of the long descending wedge, we are then into the bull territory.