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jacobosiason7

Bullish- Breakout Play (Long)

Long
PayPal Holdings, Inc. (NASDAQ:PYPL)  
jacobosiason7 Updated   
NASDAQ:PYPL   PayPal Holdings, Inc.
Trend Analysis Chart Patterns Technical Indicators support_and_resistance supply_and_demand oversold abcd_pattern falling_wedge ascending_triangle Bullish Patterns breakout
4
1
trendanalysis chartpattern indicator support_and_resistance supply_and_demand oversold abcd_pattern falling_wedge ascending_triangle bullish breakout
Had my eye on PYPL for quite some time now, RSI is still hovering right above the oversold range on almost every timeframe after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish - just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones to keep an eye on-
- Bullish ABCD Pattern Formed
- Falling Wedge (Bullish)- Within a Larger Ascending Triangle
- Sitting right on the 200-day EMA
- Slight bullish divergence on the RSI

PT1- $264.79
PT2- $269.18
PT3- $271.76
PT4- $274.08 + Breakout

(*Previously Charted*)
snapshot
Comment:
PT1 and PT2 Reached ✅
Trade active:
11/19' 270/290 call spreads but sold a 250 put to offset the cost of the spread-
Spread cost- 6.20
CSP- 3.20
Net cost- 3.00
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