Nice little risk-reward setup on the next break lower out of the bear flag. Short calls on solid companies are fools game admittedly, but the chart is the chart.
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As expected now trading $145
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Keeps getting trashed!
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Still a bearish chart. Bottom pickers are not being rewarded.
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Since I first published PYPL has lost 66% of its entire value.
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Buy now pay later in a rising interest environment was not a good idea for PYPL to get into.
Trade closed: target reached
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After a year and a half. I am finally closing this short position for a 68% gain in PayPal.
its forming a bear flag and also 180 area is a support ... draw a horizontal trend line and it bounced back multiple times from that line at 180ish!... If that support fails.. its curtains for the Bulls..
PaPoPaw
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those who sell this at the bottom need to have their feet check...too late to save the the head
RealMacro
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@PaPoPaw, Being a know it all before the chart has had time play out, is extremely weak.