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RSI-Guy
Mar 26, 2024 5:06 PM

PayPal with a HUGE RSI Div Long

PayPal Holdings, Inc.NASDAQ

Description

Paypal moving on strong after suffering a massive stock dump.

Weekly RSI has been consistently climbing. Stock now starting to lift off the October bottom.

10%, 40% and 80% gains looks realistic from here imho.
Comments
dcamacho548
What does it mean?
RSI-Guy
@dcamacho548, RSI divergence occurs when price makes lower highs while the Relative Strength Index (RSI) indicator prints higher highs. In this example, the divergence between the two signals that a strong reversal is taking place.

Conversely, when prices make higher highs and the RSI prints lower highs, it's a sign of the opposite - a weakening market trend and a likely bearish reversal.

These are most reliable over longer time frames (daily/ weekly).
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