PayPal Holdings, Inc.
Long
Updated

PYPL: PayPal Holdings, Inc Long

238
PayPal Breakout from past highs,

MACD: Crossed bullish for both weekly and daily. Increasing with a large amount of volume, Momentum Indicator showing incredibly bullish.

Moving Averages: Weekly maintaining above 20-day ma, daily bounced off the 50 on 6/28, with fantastic strength.

RSI(14): Showing at 68 and increasing, not yet oversold

Trendlines: Currently trading in a weak wedge, not sure if it will continue to follow this path.

Fib showing a target of ~$94

Purchased Oct 2018 90 calls for 3.48
Note
Breakout from wedge, calls up ~28%.
Note
Closing half before earnings, up 29%
Trade closed: stop reached
Closing last calls on disappointing earnings, average gain ~6%.

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