$PYPL to $200+
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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