TradingView
fract
Dec 28, 2021 8:05 PM

Paypal Opportunity Long

PayPal Holdings, Inc.NASDAQ

Description

After serious decline it's about time to expect some sort of pullback. I mean a drop from 310 to current prices must trigger new wave of inverstors entering the market, as low levels are attractive for those who missed out.
It's already inside demand range colored from blue to green. Overall I qualify this as buy. However we know that markets are unpredictable, hence I deduce that there is a slight chance of falling further even a little bit.
That's why there is a "safety pillow" light green Demand MA's that will reverse the market at higher chance than current DSMA.
Now it's been quite a while that price is testing white dotted support line, the longer time it takes for price WITHOUT CROSSING below the line, the higher the chances get for market reversal without another drop.
A breakout of triangular shape is the signal of thinking about long entry.
Comments
mrrobot1989
Can you tell us any thoughts as the white dotted support line was crossed by the price? Is it time to go "All in" now?
Jamessoccer14
what indicator are you using?
fract
@Jamessoccer14, It is not available in public library. Because I'm just using a code I wrote in pine script and applied it to the chart.
More