The Long Investor

$PYPL TOP 20

Added 2023-11-05 23:01:49 +0000 UTC

Boy did this bounce make a lot of people happy this week.

Last Friday the price dropped below the trend line and this caused a lot of concerns, mainly that the price could go lower to the gap fill at $45 and this was a legitimate concern, as the market was on a knife edge.

This week it reported a positive earnings beat and added that it continues to buy back shares and reduce the float, making the share price even more attractive.

I have not added here again as I hold enough $PYPL but I will be interested to watch its pull back and where support is found, I have also added the white fibs here to show where support can come from when this bounce finishes.....it is not clear if the bounce is complete yet and the price action finished close to the high of the day on Friday.

I will consider adding here if the pull back can show support on the 0.618 Fib, I will upload this chart again when the pull back has begun.