$PYPL TOP 20
Added 2023-09-18 01:13:26 +0000 UTCNice recovery from the dip of Subwave 2 to a new high and the share price had a flat day on Friday while a lot of stocks struggled.
We can see that the price is shortly approaching the 50 Day MA which is just at our blue line at $66, this blue line is a resistance/support line, so getting above this line and holding means that $PYPL is above a confluence level and the momentum is further confirming the upward trend.
Overall I do not think there is going to be any issue until we get to the red trend line which is around $72, which is also the earnings gap.
We want $PYPL to hold above the red line to start seeing real signs of reversing, for now we are happy that this has bounced at the bottom of the wedge trend line but we need to see it out of this next to confirm that we are starting a new primary impulse wave.
