PYPL To Retest 255 Resistance Level?
The recent uptrend in PYPL is moving to $255 where there seems to be a strong resistance level. We should be cautious and watch what happens to the resistance at 255, if broken through and the trend moves higher I might be interested in placing OTM calls expiring 3+ months out. Conversely, if we see PYPL fail to close above 255 we could see a bearish move towards the 230's, possibly retesting the lows at 225.
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