PayPal possible 10% up move in 10 weeks
PYPL
i don't usually publish my target projections - but thought i should start at one point to get more experienced traders than myself to provide feedback for how to improve.
PYPL shows a potential run up after a good 6-month accumulation. Price projections shows a possible 10% within 10-12 weeks.
- The magic entry zone was $108 to $112 or so.
- the first projected target $117 was hit
- there's couple of signs of strength - especially how it picked up from the gap down post Jan earnings announcement
for my entry, and to get totally convinced, i want to see more buying momentum building up, and a come back to the buy zone followed by a confirmation of continuation up - and that should happen within the next 5-6 trading days, if not sooner.
comments and thoughts?
Comment:
that planned move seems to happen sightly earlier than expected ... but all good!
Comment:
Possible bull flag, and another attempt to break resistance at $121 - still going according to plan so far.
Trade active:
Feb 14 - Today's update: we broke the $121 early in the session, with good volume and commitment - still holding this position - looking next to break the $124.
Trade active:
First Target $124 hit -- we have good return on April 115 calls - will let it ride hoping to hit the 2nd target, will update again soon!