$PYPL TOP 20
Added 2023-11-19 09:54:27 +0000 UTCMy eyes are firmly on $PYPL this week coming.
The price action just finished below the 50 Day MA on the daily chart but on the 1hr chart, the price is above both the 50 and 200 Day MA, so in the short term at least, the momentum is on the side of $PYPL to the upside.
But we need to see a new high made here above $58.55, because at the moment we can only see 3 waves since the bounce off the red trend line, as long as there are 3 waves, it is still at risk of being a corrective wave bounce.
However, we have seen just how well $SQ has been doing and the US 10 Year also continues it descent, so this takes the pressure off the sector too.
A break above the 50 Day MA and a new higher high and I'll consider adding to my position here this week
Comments
Share buybacks could account for this
Gareth Neary
2023-11-19 10:46:51 +0000 UTCGary, for Pypl, you mention profit margin keeps increasing. On the other hand, free cashflow is decreasing. How do you explain that? Something is not working at it should, at least that seems very strange to me.
Seb
2023-11-19 10:24:59 +0000 UTC
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