Ticker: PYPL
Notes: PYPL got rejected hard on that 21EMA and formed a doji on the daily. It's setting up for a base rally formation along w/ TTM Squeeze on smaller timeframes. We also broke out of this wedge and looking for a continuation.
Key Levels:
- Play the breakout of 21EMA w/ a target of 286-287 area (50SMA)
or
-Wait for a retest of this wedge breakout at 273 to long it.
-Huge gap above, so it can be the next target after cleaing 50SMA
Notes: PYPL got rejected hard on that 21EMA and formed a doji on the daily. It's setting up for a base rally formation along w/ TTM Squeeze on smaller timeframes. We also broke out of this wedge and looking for a continuation.
Key Levels:
- Play the breakout of 21EMA w/ a target of 286-287 area (50SMA)
or
-Wait for a retest of this wedge breakout at 273 to long it.
-Huge gap above, so it can be the next target after cleaing 50SMA
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