$PYPL
Added 2023-04-12 10:53:42 +0000 UTCI was watching closely yesterday as this was showing signs of breaking out, it went above the trendline and rejected almost instantly and came back down and finished below the trend line again....more sideways movement here, likely waiting for bank earnings this week.
Although I feel this is separate from legacy banks, it may be heavily influenced by the sector if Friday reports negative, then this will likely push this down to our bear case and buy zone.
Comments
Yeah would be an ideal place to add if this happens I think
Gareth Neary
2023-04-12 11:13:49 +0000 UTCI agree.. I follow these Fintech pretty closely. I'm a fan of SOFI and I think that needs to take the red bearish line wave down. Needs to retrace to $4.60s. I think Pay Pal & similar placed stocks will follow the same trend to the bear case areas. Earnings however may be the catalyst that lifts the tide for a little while. Bounces it off the bear case lows.
Oba
2023-04-12 11:01:46 +0000 UTC
