Greater Bull Confirmation(PYPL)

I suspected PYPL of bullishness, but felt more comfortable with greater confirmation and we now have that. PYPL has bounced off of its Fibonacci Support and then displayed a reduction in selling momentum. Not only did we get a bullish signal from the momentum, but our Weis Wave showed that interest towards the short side has decreased significantly. I will be awaiting the EMA crossover on the Willy oscillator but I believe we have enough confirmation to dictate that PYPL is bullish.

Bullish Signals
-Squeeze Indicator
-Weis Wave
-Fibonacci Support

Price Targets/Resistance
-1st 286.42
-2nd 295.69
-3rd 308

Comment:

Great Entry -