Pay has just reached an important support at about 0.00053. in the gentleness is the course at 0.00079 aborted. These are the preliminary target.
50MA + uptrend line + ex-resistance turned support nearby = good risk/reward to long PAYC with a target near previous highs.
This stock is in consolidation, this pattern is a daily pattern triangle. It is building energy and will breakout...which way? I think it will go higher due to earnings/revenue momentum. This always depends on the market in general..but a break above the triangle or the 34.66 mark is a buy...I would look for volume and close above then enter with good risk...
PAYC expected to open at 35.05 for a Retest Gap. Watch out for low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com