PayPal Long, Building Zone of Accumlation
I believe we are currently trading within an accumlation zone. The volume profile suggests that at these levels both shorts and longs are particularly active. On the weekly chart I see almost 11 weeks of straight dump on oversold conditions now, adding to my belief we will see some sort of larger bounce off this accumlation zone to possibly fill the gap at 225. As of the time of this post we are hovering at support at 180, making this moment a great time to add shares to at least take it up to the top of the range high at 195.
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