SamSuka
The Long Investor
The Long Investor

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$PYPL

Looks like it wants $75 and as current wave is looking extended which is typical for Wave 5.

I have provisionally put in an ABC corrective wave for now but this can only be confirmed when I see some slowing down of the price action and some resistance, I will be watching $75 for this.

But give this time to confirm its trend, I never sell the moment it reaches a target, I want confirmation of a reversal for a pull back, the same way I want confirmation of a reversal to the upside.

If we can get $PYPL to pull back to our blue line for Wave C later on, this would be a great add.

$PYPL

Comments

No a healthy pull back is needed.....extending here into earnings too, usually a sign that a pull back is coming soon

Gareth Neary

Expecting bad earnings?

Danielstocks#7923

Is the June 20th chart no longer valid?

Chemguy


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