I update this quite regularly so I think we all know where we stand here, I have trebled my position in $PYPL since this went below $60 and I am fully committed to this.
Am I waiting for this to return to its former glories and achieve new highs? more than likely not, but I will be reassessing when Wave 1 is complete and I believe this has a strong possibility of returning to Wave 1 over the next 6-9 months and that is a time frame I am more than happy to hold out for.
I will monitor how this develops and will have no issues adding again if this starts moving in a controlled manner now since bouncing on this red line.
I want to see a series of higher highs and higher lows now to conform a reversal.
This is very much below the 50 and 200 Day MA and with the fundamentals they have and this being deep in the buy zone, I think it is a stock that many should be considering adding at this level.
Gareth Neary
2023-08-28 10:02:21 +0000 UTCYuri van Huisstede
2023-08-28 08:44:02 +0000 UTC