Paycom software most undervalued assets worldwide strong buy since $40
Very steady and loyal pattern! this one knows how to make gains, steady and consistency is key. Every now and then your allowed a cheat meal or a drink but the progress is strong on this one this is in it's prime!
Pay has just reached an important support at about 0.00053. in the gentleness is the course at 0.00079 aborted. These are the preliminary target.
50MA + uptrend line + ex-resistance turned support nearby = good risk/reward to long PAYC with a target near previous highs.
I think today's gap trapped a lot of people.
This stock is in consolidation, this pattern is a daily pattern triangle. It is building energy and will breakout...which way? I think it will go higher due to earnings/revenue momentum. This always depends on the market in general..but a break above the triangle or the 34.66 mark is a buy...I would look for volume and close above then enter with good risk...
PAYC expected to open at 35.05 for a Retest Gap. Watch out for low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com