$PYPL TOP 20
Added 2023-09-07 09:58:22 +0000 UTCLooks like there may be a move coming for $PYPL shortly.
Sitting on top of the 50 Day MA right now and the 200 Day MA is coming down to meet the price now.....we want to see the 50 day remain as support and then to flip the 200 Day to support when they meet each other, the 50 Day crossing upward through the 200 Day is a bullish signal too.
For me, the big test will be at the top red trend line around $70, we need to get above this line to confirm a reversal, otherwise there is still a risk of staying longer in this downward wedge.
Let's see how $PYPL manages the 200 Day MA first.
$PYPL is my biggest holding right now.
Comments
The 50 is at 62.82 on the one hour chart. So we broke through. I personally sold at $63.50. Now if you go to the high from $57.12 to 64.17 I’m looking at a Fibonacci retracement at 50% being $60.65 and at 61.8% being $59.82. The MacD is bearish, the RSI & STOCH is below 50 & 60 so also very bearish on the one hour chart. That’s my amateur target until someone with more expertise, like captain, tells me differently.
Trader_MattPro
2023-09-07 21:03:24 +0000 UTCCaptain, how to identify the price of 50 day MA and 200 day MA from the chart. Please advice
Ram
2023-09-07 14:20:41 +0000 UTCMoney is safe in undervalued stocks.
Gareth Neary
2023-09-07 10:05:02 +0000 UTCMy biggest holding too. Let's go! 💪
Frederik Dalgaard
2023-09-07 10:02:01 +0000 UTC
