Short term bullish in an overall macro downward trend
-Short term forecast:
-Descending wedge still in play for Paypal
-Looking for a bounce near the bottom of the channel. Maybe around $60-$61 will be the low target. TP around $70-74
-Long term outlook
Lots of support around $38-40. Accumalate at $56 and $44 as well.
Gap at $140-170 will eventually get filled in the coming years.
There are other small gaps at $84, $75, $55 and $44.
-Descending wedge still in play for Paypal
-Looking for a bounce near the bottom of the channel. Maybe around $60-$61 will be the low target. TP around $70-74
-Long term outlook
Lots of support around $38-40. Accumalate at $56 and $44 as well.
Gap at $140-170 will eventually get filled in the coming years.
There are other small gaps at $84, $75, $55 and $44.
Trade fermée: cible de profit atteinte
My target of $74 has been reached and i have taken most of my profit off the board for now. Im keeping a small bag just in case it decides to head higher to the $140 range first. However i will keep sticking to my plan of accumalating lower in the $38-56 region if that comes first. Either way this has been a nice play from my intial buy of $60. I will get bullish if paypal can break above the descending channel and find support.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.