PYPL appears to be base jumping here in complete free fall since the 200WMA fakeout. This is a new trend so RSI readings can be deceiving and is currently a razor sharp falling knife.
The acceleration suggests the next bounce or bottom is still a way off. It will probably get to the 0.618 @ $73 at least but with a little more patience and less FOMO I think it will see $55.
Not advice.
The acceleration suggests the next bounce or bottom is still a way off. It will probably get to the 0.618 @ $73 at least but with a little more patience and less FOMO I think it will see $55.
Not advice.
Comment:
First target $73 hit.
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