PYPL is on a bullish run after its 10-day exponential moving average crossed its 50-day exponential moving average. Momentum could bring PYPL to $200+. If $204 resistance is broken, we may see PYPL go even higher.Using the crossing of the 10-day and 50-day exponential moving averages, we often can recognize a predictable pattern in blue-chip stocks. See my post on
MSFT and take a look at where the EMAs crossover.Trade Open
Note
Trend Confirmed. Result: (35.6% Profit)Sold to secure profits before testing $204 resistance.
Outlook is still bullish.
*** Disclaimer: This is not professional trading advice and should not be taken as such.
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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.