I published a chart for-PYPL two months ago. At that time I was bullish for the stock.
The indicators I use remain mostly bullish (indicating continued strength).
From a technical standpoint, Here are the positives for-PYPL:
1. Currently a buy Fractal (highlighted in green box).
2. The top upper indicator is a 34 day moving average , and this is positive. Very strong.
3. The alligator is awake and is feeding in the uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. The Forward Momentum indicator (lower top) is in a strong position. **
6. The Ichimoku Cloud is green.
7. The 233 day moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams, you can establish an entry point, again and again, with each new valid buy Fractal.
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for six weeks. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
10. Prices are trading above the thick red Ichimoku Cloud conversion line.
11. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
** The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-PYPL IN THE TOP LOWER INDICATOR. IT IS VERY POSITIVE AND IS SHOWING STRENGTH.
Conclusion: I believe-PYPL will work its way higher.
May all of your trades go well. Don.
The indicators I use remain mostly bullish (indicating continued strength).
From a technical standpoint, Here are the positives for-PYPL:
1. Currently a buy Fractal (highlighted in green box).
2. The top upper indicator is a 34 day moving average , and this is positive. Very strong.
3. The alligator is awake and is feeding in the uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. The Forward Momentum indicator (lower top) is in a strong position. **
6. The Ichimoku Cloud is green.
7. The 233 day moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams, you can establish an entry point, again and again, with each new valid buy Fractal.
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for six weeks. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
10. Prices are trading above the thick red Ichimoku Cloud conversion line.
11. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
** The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-PYPL IN THE TOP LOWER INDICATOR. IT IS VERY POSITIVE AND IS SHOWING STRENGTH.
Conclusion: I believe-PYPL will work its way higher.
May all of your trades go well. Don.
