Bullish- Breakout Play (Long)
Had my eye on PYPL for quite some time now, RSI is still hovering right above the oversold range on almost every timeframe after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish - just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones to keep an eye on-
- Bullish ABCD Pattern Formed
- Falling Wedge (Bullish)- Within a Larger Ascending Triangle
- Sitting right on the 200-day EMA
- Slight bullish divergence on the RSI
PT1- $264.79
PT2- $269.18
PT3- $271.76
PT4- $274.08 + Breakout
(*Previously Charted*)
https://www.tradingview.com/i/BuajBsen/
- Bullish ABCD Pattern Formed
- Falling Wedge (Bullish)- Within a Larger Ascending Triangle
- Sitting right on the 200-day EMA
- Slight bullish divergence on the RSI
PT1- $264.79
PT2- $269.18
PT3- $271.76
PT4- $274.08 + Breakout
(*Previously Charted*)
https://www.tradingview.com/i/BuajBsen/
Note
PT1 and PT2 Reached ✅Trade active
11/19' 270/290 call spreads but sold a 250 put to offset the cost of the spread-Spread cost- 6.20
CSP- 3.20
Net cost- 3.00
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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.
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.