Going long PYPL on Monday
PYPL is printing a bullish engulfing hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long PYPL on Monday using a limit (GTC-BUY-LMT) order @ 75.87. I will have three trailing sell stops (GTC-SELL-STP) @ 73.50, 72.55, and 68.60 to protect my initial invested capital in case PYPL does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from February '17 - November '17.
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