PayPal Holdings, Inc.Pembelian
$PYPL could be almost ready
Paypal looks like it is looking for primary 2 bottom, or found it and would be in a primary 3 of cycle 3 of supercycle 5. It currently is rangebond in an ascending triangle w/ strong support at the purple dotted line(mid to low 270s) & 30 week MA. All dips to the 30 MA or uptrend line are a buy IMO. MACD appears to be curling and bullish cross in the upcoming weeks.
Upon break of ATHs (upper triangle resistance) 330 initial PT with 375 secondary PT.
How to trade this: wait for retest of 30 MA to go long or even a dip to uptrend line (if market weakness occurs). If that doesnt happen then a break of ATH's with backtest of the upper trendline is also a spot to go long. Until one of those happens we are in middle ground and could consolidate for awhile
Upon break of ATHs (upper triangle resistance) 330 initial PT with 375 secondary PT.
How to trade this: wait for retest of 30 MA to go long or even a dip to uptrend line (if market weakness occurs). If that doesnt happen then a break of ATH's with backtest of the upper trendline is also a spot to go long. Until one of those happens we are in middle ground and could consolidate for awhile
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