Positive day yesterday for $PYPL amongst a difficult day for the market. We won't get overly excited about it just yet, we have been here before but its movement is something I am happy to see.
- Bounced so far on the red trend line.
- Still in the buy zone
- RSI is showing a bounce in the oversold territory, last time this happened it ran from $59 - $76
- MACD is showing that momentum is changing, flattening with a bullish trend.
PM is up another 1% now.
What I believe will happen soon if this continues to find momentum, is that a lot of people will be asking when is a good time to buy.
I have doubled my position in $PYPL in the buy zone and I am back even now on this, so it is in an area now where I was happy to buy.