Chart says it. We just made a new high which for me means look for signs of trend reversal. As I've said before trend reversal starts when you start closing below levels that brought you to your most recent high. Im looking to get short, if that wasn't made clear. Not financial advice. Trade safe.
2019 has been very rewarding for investors in PYPL and payment solutions in general. Although results are expected to be very good, given that the price has just had a 21% breakout, it is in our opinion unwise to go chasing this now. Despite results, a sell off is likely given the need for investors to lock in gains. We would be very happy to long the stock on any...
OPTIONS PLAY: LONG PUTS or sell calls.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to...
5 waves completed on the long term picture
We did hit our 2:1 extension, which means that we may expect a pullback now.
100-103 USD, should be a good short opportunity.
On the long term i am looking for a pullback to 76 USD