PYPL broke out of an Adam & Eve formation on 27 Jul, then gapped up strongly upon Earnings on 3 Aug. Since then, it has retraced about 38% of it's AB swing up and appear to find support @ 90 where the gap is closed.
The stock could be ready to begin another up swing as we are seeing some bullish divergence between price and stochastic. Stops raised to just slightly below $89.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
The stock could be ready to begin another up swing as we are seeing some bullish divergence between price and stochastic. Stops raised to just slightly below $89.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!