jangseohee

PYPL, H&S top vs Rounding bottom

NASDAQ:PYPL   PAYPAL HLDGS INC
241 4 17
Technically
if my eye is seeing it correctly, there is a potential small H&S trapped under 37-42
while the entire price structure since the IPO looks like a rounding bottom

Who wins in this fight?

Long term wise, the overall technical situation is bull bias but... who knows
But when do you get in?
Reply
Imho it is no S-H-S. There should be an increase of the traded volume at the neckline. But is is not. Thus it is just a sideward movement.
I would rather pay attention to the upward trend since February and the look at the flag at the end. The breakout of the flag may have occured already. So look whether this is confirming today. If so, it may justify a long position.
+1 Reply
motleifaul motleifaul
It has not been confirmed obviousely. So better watch a day or 2.
+1 Reply
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