PYPL on the watch.
PYPL has been on the down trend for the past 4 weeks. do not try to buy the dip on this thing you might just get cut by catching a falling knife. I see just a bit more downside before i can start accumulating leaps around the green box. why in the green box? know how to use fib retracement levels and you can find the best possible point of reversals. for now I will not initiate a buy if I see price hitting my buy box unless i see any kind of bullish divergence, accumulation or bullish patterns being formed around that area. Futures are currently looking red which is expected. PYPL can easily reach 180-200 range with in the next few days and that is when i will begin to watch for potential reversal.
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