Will need a bit of time to work out this pullback. It may retest ema50 (Red MA) for support again in this mildly bearish near term trend. Be patient and stalk an entry.
in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50
following price. let us see what price gives us.... could continue around the whitish box area but volatility should come back.. green box where we can possibly grab some puts. I will look for good entry long and short notify with trade actives.
PYPL has been looking more and more promising lately with recent changes to management and the most recent news of plans to acquire Cuban business. However, the recent news seems like a small bubble in comparison to the resistance level it was experiencing the previous week.
PYPL is also very close to breaching it's all time high which could act as another...
