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jacobosiason7
Sep 30, 2021 3:54 PM

Bullish- Breakout Play (Long) Long

PayPal Holdings, Inc.NASDAQ

Description

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*)

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
Comments
jacobosiason7
PT1 and PT2 Reached ✅
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