PayPal (PYPL): Time to Secure Profits After Hitting New Highs
We’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart.
The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88.
With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal.
Stay tuned for updates on the next possible setup. ✅
The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88.
With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal.
Stay tuned for updates on the next possible setup. ✅
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