PYPL daily - 20 day MA cross below 200day MA - Below every important day MA - Selling pressure on high/ultra high volume (news) - Trend is bearish (green < red) + Usually a bounce near low RSI level + BB extended, might snap back up
Another awesome set up of a descending triangle! I personally am looking for a close under 260 before entering short positions, I will take monthly puts down to 225 support if it can break 260!
PYPL stock is reaching BIG RESISTANCE around $253. It is a good opportunity to realize your profits before a possible correction. If you want to short, the target price for SHORT profit is $207. I recommend PayPal price around $200 as a good entry-level to BUY this stock if you want to hold it longer. A price of around $180 should be perfect to jump on the train...