Paypal's stock price seems to be forming a nice bullish chartist pattern, a falling wedge, which has been going on since the beginning of the year. If resistance is broken, NASDAQ:PYPL could return to a nice uptrend, after numerous DCA buy points have been given by our "Magic Bands (PMB)" indicator.
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PayPal had finally broken down its chartist pattern. Today, the price is back touching the old support. Will this level provide resistance, or is it just a fake out and the pattern will be reintegrated?
Exciting to see the potential bullish formation in Paypal's stock with the falling wedge pattern. The 'Magic Bands (PMB)' indicator adding to the analysis, suggesting DCA buy points, adds depth to this promising outlook. 🚀