PYPL IS A NO GO ZONE, I FARE THEE WELL
Recall a few weeks ago my bullish posts of bounce galore and how the bear correction was over and we'd all be smiling and enjoying a pina colada in the Maldives for buying this dip.
Well, PYPL has other ideas.
PYPL is about to form a huge head and shoulders and unfortunately its a long way to real major support.
Ah... I love this name and I will continue adding at the supports but the massive head and shoulder formation suggests more pain may be coming our way. And for that, I am disappointed. And shocked. This company is far more valuable to world consumer spending than the competition like Square which are limited primarily to the US markets.
We will see what happens.
I will fall on my sword. For now, adieu.
(BUY SHARES ON SUPPORT)
Well, PYPL has other ideas.
PYPL is about to form a huge head and shoulders and unfortunately its a long way to real major support.
Ah... I love this name and I will continue adding at the supports but the massive head and shoulder formation suggests more pain may be coming our way. And for that, I am disappointed. And shocked. This company is far more valuable to world consumer spending than the competition like Square which are limited primarily to the US markets.
We will see what happens.
I will fall on my sword. For now, adieu.
(BUY SHARES ON SUPPORT)
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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.