habibzafari14

SELL SETUP | RISING WEDGE | Earning is foretasted lower

NASDAQ:PYPL   PAYPAL HLDGS INC
54 2 5
Hi guys
Technically RISING WEDGE suggests the future lower price.

fundamentally the EARNING is suggested lower than the previous one. When the previous EARNING was released $0.30 the stock price fell at around $36.00 and now the EARNING is foretasted $0.27 which is $0.03 is lower than the previous but the stock price is higher than previous so, predict a fall in price
Comment: Moving SL at BE
Comment: I moved my SL lower at 40.32
Comment: Nice. I was stopped out but, shorted again
Trade active: As expected
Trade closed: target reached
Thanks for the heads up. I noticed that price retraces as much as 62% from prior highs. For now, I anticipate price dropping to the $38.55 area--Not far from yours!
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habibzafari14 trader1513
You are welcome.
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