$PYPL TOP 20
Added 2023-10-15 20:01:05 +0000 UTCSome confusion during the week that $PYPL lost the red trend line but I think people mistook this for the blue line, which is a line I added as the dimensions of the Buy Zone, this blue line has not impact on the share price, the red wedge trend lines are behaving as the support and resistance lines, not the my bottom blue line.
So $PYPL did not lose its support line this week, it did move down lower along the trend line tho.
No sign of a reversal here either as the pull back from Sept was met with a new low, so until we can see a higher high and a higher low, then this is still working its way down the red wedge.
For me, I am doing nothing with my $PYPL holdings, I am happy with my average at $58, I would of course like it to be green but I am not going to get frustrated with a stock that is severely undervalued and has a lot of potential upside, I will sit and wait for the market conditions to improve.
Comments
Cap, do you see this recovering? I have difficulty seeing their moat when there is so much competition around (Apple pay, all the other buy now pay later, etc)
makis
2023-10-15 20:02:42 +0000 UTC
