Long

$PYPL Higher Lows – Uptrend?

Updated

Clearly seems to have a lid on the upper end near $68. However, looking at the chart we have a series of Higher Lows beginning in February. There is a good chance that it will have a move to retest the $68 area. All TBD. I have an alert set just over yesterday’s high of $64.43. Should that trigger, I will open a position with a very tight stop just under 62.88, the most recent higher low. Let us see what happens.

The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Trade active

This triggered for me so I have opened a 1/2 sized position. My Initial stop is 62.80 about 2.5% risk. However, if I do not have a cushion on this before the end of the day I may choose to close it out. All TBD.

Note

I just brought this up to a full size position. Same stop. It is just under the 5 DMA so this add may be a bit premature. But I like today's action.

Note

I am keeping an eye on the up trendline. If it does not hold for the next couple days I will consider closing this position prior to hitting my stop. All TBD.

jaxdog

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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