PYPL has been trading sideways for quite some time now after selling off after earnings. PYPL's holding a big falling wedge going into earnings with bullish hidden divergence on the RSI, multiple gaps to fill on the upside and is also in oversold territory. Earnings plays are always a gamble in my opinion. Personally am bullish and will be looking for a breakout from this wedge and for PYPL to go for the gap fill on the upside (Broader Market Conditions Permitting), please exercise your own due diligence given that it is an earnings play- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime-
- Falling Wedge on the Daily, 4-Hour, and Hourly Timeframes - RSI Oversold - Bullish Hidden Divergence on the RSI - Multiple Gap Fills on the Upside
Um, isn't Hidden Divergence a continuation of the same (meaning continuing down)? Anyway, I'm seeing Regular (Bullish) Divergence - which would be a change of price direction, JMO and NFA.
jacobosiason7
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@crypto_helkat, Hidden divergence is when volume doesn't move in tandem with the underlying security. For example here on PYPL, PYPL's stock price was continuing to fall while volume was simultaneously increasing