$PYPL (D) Discount Opportunities Approaching (after pullback)Will need a bit of time to work out this pullback. It may retest ema50 (Red MA) for support again in this mildly bearish near term trend. Be patient and stalk an entry.
PYPL
Bull Divergence on PYPL in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50
PYPL Break through or just news pop?PYPL has been looking more and more promising lately with recent changes to management and the most recent news of plans to acquire Cuban business. However, the recent news seems like a small bubble in comparison to the resistance level it was experiencing the previous week.
PYPL is also very close to breaching it's all time high which could act as another resistance level around $42.
We could see this trend continue in the following weeks, but in the short term, we could see some indecisive waves over the next fews days as the resistance line is accepted or denied.
I'm confident that PYPL will be a good Long hold regardless, the question is the entry point.
