Long

PYPL, looking for a nice move

PYPL looks great for a buy tomorow, the stock bounce of the 50MA today and made a nice move up with good volume and thats what we want to see, PYPL has been testing the 50MA last month and a year ago, every time it does test the 50MA, the stock bounce of for a nice ride and thats what im expecting. The stock decrease with good volume two months ago, but the stock had the strenght to bounce of the 50mA, it was a shakeout as you can see. Last week the stock decrease with very low volume and drcrease less than the previous decrease so that tells us something, there is less and less offer so you only need a little bit of demand to move the stock higher and thats what we see here. Im expecting a nice move and my target is set up for a new high.

Thanks guys, follow me on twitter please: @Disciplinedguy1

WilliamL

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