PayPal Holdings, Inc.
Long
Updated

Pypl ready to make record high ?

199
PYPL about to continue uptrend ?
+ Still under consolidation
+ Price move within symmetrical triangle. Formed ABCD. Where's E going to be ?
+ Symmetircal Triangle is 1 of popular continuation pattern.
+ Price moved above lower bollinger band.
- Force Index still negative but improve. Expect +ve FI soon.

o Suggest to partial buy if price able to break above triangle and stay above 76.11 (R1).
o Further Buy if price break R2 (Record High) R2.
+ Good Risk/Reward Ratio > 2
Note
Spot on!! Price move as per TA.
Right now Stochastic is at oversold region for few days... Good to take some profit and leave some until sign of reversal candle appears.. Right now still bullish
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.