With the "Trump wars", and the parabolic growth this stock presents, it would be natural to have a gigantic drop of at least 40%, just for correction purposes. RSI is highly over bought in the Monthly charts.
Short at 70.5 close position at ±45 SL: 72.5
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$1000 short
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Out of parabola, maybe now there will be this must needed correction
If you are looking at the FIB, I don't think it will drop 50% to $36. However a pull back to .786 level ($57.50) are possible next month.
DariusKarremans
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@mike7381, yeah thats much more possible, thank you for the observation
Freshly_Snipes
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Sounds to good to be true.. I think this sees smaller pull backs along the way and indicators catch up. $75 eoy $100 in 2019. PYPL hitting $100 will make the rest of the market think this is going further. Plus if you have paid attention to the action you have as follows: SQ - 23M spread in Square as a bullish play is adjusted. The stock off 56c to $66.72 and 20K Sep 40 - Dec 55 call spreads sold at $11.5. 33K Sep 40 calls trade total today (13K more at $26.90) and the combined 87.8M in premium likely covers a matching block opened 3/19/18 with shares near $55. 33K calls were bought for $16.85, tied to stock on an 86 delta, at that time and are being covered today to monetize the $32.2 in profits. Net cash outlay for the new position in Dec 55 calls is almost 30M and opening the position expresses confidence that shares can move even higher through year end.
Good luck, I wouldn't short this stock other than maybe small pull back days. Better to stay long. Just my honest opinion.