Price action (Update 24 Mar 2024)
- Have been positive of PYPL price action past months since the basing from mid 2023 (still basing and firming)
- Basing well, inverse head and shoulder also forming well.
- Neckline about 65 about to be breached (broken and back tested now)
- Break 65 and we are talking about 50% gap fill (70) and full gap fill (73) with a target up to 81/84
Bullish
- Key stay above 65 and head for 70, 73 and then we see 81-84 come into the play
Bearish
- 58 need to hold and hold well
My plays
- Been holding to quite some shares for some time
- Once break of 65, will sell puts strike 58 for uptrend plays
Good luck, all
PYPL Daily - 24 Mar 2024
@melson @TigerStars @macroB @CaptainTiger @Deposit
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