Adding some PayPal here
The daily chart shows the beginning of a downtrend.
Double top cup and handle pattern led to downward momentum from the handle to the 100 week MA.
RSI on the weekly is week. The only other time PYPL has been this week was in March 2020.
News of partnership with AMZN should hopefully ameliorate the drop of eBay.
Adding to PYPL here and holding for the medium term at a minimum.
Double top cup and handle pattern led to downward momentum from the handle to the 100 week MA.
RSI on the weekly is week. The only other time PYPL has been this week was in March 2020.
News of partnership with AMZN should hopefully ameliorate the drop of eBay.
Adding to PYPL here and holding for the medium term at a minimum.
Note
No doubt one of the worst calls I've made. I guess you can't get it right all the time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.