odeaolay
Long

Long: PAYC Paycom Software Inc. Looking for ~10%

NYSE:PAYC   PAYCOM SOFTWARE INC
Moving Averages: The most interesting signals on this chart to me were the bullish crossing of the 50ma under the price on the daily and the stock following and staying above the 20ma on the weekly chart. These signals show that with the proper momentum the price should continue upwards.

MACD (12, 26, close): The MACD indicator is showing bullish momentum on the daily chart , crossing back on May 29th and continuing to show upward momentum. On the Weekly MACD still has not shown a bullish crossing but is curving upward, if current market conditions remain consistent we should see a bullish crossing in the next 2 or 3 weeks.

RSI (14): Daily RSI is currently sitting at 63 showing bullish momentum and consistent appreciation.

Trendlines: NYSE:PAYC Is currently breaking out of a wedge with proper volume , looking to fill to previous highs and possibly moving upwards. There is a long-term trendline originating back in 6/26/2017 that would be considered a good support and possible stop-loss if things go south.

FIB 100% retracement is at 117.60, leaving FIB 138% at around 124.40.

Currently holding 18 shares at 111.04

Trade closed: target reached: Closing here, up 16% today.
Comment: sellers remorse hahah
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