Hello Traders, during yesterday's session, PayPal has confirmed the buy-signal, latter week ago. It runs above the 120.- resistance and close at 121.18 (@TradingView)! From trader's view, we face following opportunities. The high was a wave 1 of a new impulse or it. In this case, a corrective setback is in the cards for the next days, or it will run through new highs and finish the correction at $92.35! What makes me a bit „patient“ is the volume. Yesterday's move was not confirmed by a massive volume. So this is to watch in the coming one or two days and has to follow. Any „long-position“ has to be protected with a „stop-loss“ @ $91.35! Any trading above 111.- will opens the door to ³126.-. More bullish potential exist. Have a great day.... Ruebennase
Feel free to ask or comment! Trading this analysis is at your own risk!