PayPal.....2022-03-31.....Confirmed buy-signal!
Hello Traders,
during yesterday's session, PayPal has confirmed the buy-signal, latter week ago.
It runs above the 120.- resistance and close at 121.18 (@Tradingview)!
From trader's view, we face following opportunities.
The high was a wave 1 of a new impulse or it. In this case, a corrective setback is in the cards for the next days, or it will run through new highs and finish the correction at $92.35!
What makes me a bit „patient“ is the volume. Yesterday's move was not confirmed by a massive volume. So this is to watch in the coming one or two days and has to follow.
Any „long-position“ has to be protected with a „stop-loss“ @ $91.35!
Any trading above 111.- will opens the door to ³126.-. More bullish potential exist.
Have a great day....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
during yesterday's session, PayPal has confirmed the buy-signal, latter week ago.
It runs above the 120.- resistance and close at 121.18 (@Tradingview)!
From trader's view, we face following opportunities.
The high was a wave 1 of a new impulse or it. In this case, a corrective setback is in the cards for the next days, or it will run through new highs and finish the correction at $92.35!
What makes me a bit „patient“ is the volume. Yesterday's move was not confirmed by a massive volume. So this is to watch in the coming one or two days and has to follow.
Any „long-position“ has to be protected with a „stop-loss“ @ $91.35!
Any trading above 111.- will opens the door to ³126.-. More bullish potential exist.
Have a great day....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!