NoamMizrachi

Trade Idea on PYPL

Long
NASDAQ:PYPL   PayPal Holdings, Inc.
Hey,

PYPL trending higher inside an uptrend channel, while obeys to technical indicators:
  • support on lower uptrand channel line
  • support on 50 days SMA.
  • convargance into upper triangle form.

I predict that the triangle pattern will kept, and therefore a possible LONG position can be open.
First Target - 92.5-93
Stop should be under close price under the lower uptrand channel line.

Enjoy.
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