PYPL Weekly SHORT
PYPL Head and Shoulders Pattern on Weekly Chart. Close below 20 week MA past 2 weeks. If neckline breaks, stock should move towards 60.
Note
Neckline broke as of last week, but so far rallied back up. With market whipsawing and indecisive on direction, need to monitor further to see if this triggers.Note
Neckline broken and regained. Play invalidated.Note
Interesting turn of events. The neckline was regained, but stock was rejected at 79ish and now taking a dive. Below neckline and on route to sub-70s. Rising moving Avg support below.
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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.