This Chart is crazy, Paypal has been pushed so hard that it is difficult to analyze it. Undoubtedly, it has the potential to give more, however, it seems to me that a coffee break is acceptable.
I see very likely the possibility of a final push to the area of 86.86 during the change between March / April and then a break of trend to the area of 60 between June / August.
I know that this is a great company and that his chart can be even more aggressive, that is why I also analyzes the possibility of what I call a Super Bullish projection, in which Paypal could reach 119 in a couple of years. However, it is not the focus of this publication. (Anyway, I included the "SB" levels in the chart)
Here, I am focusing on all the evidence I have to go Short. My biggest concern is that there is a minimal possibility of over extending the top to the area of 94. So it seems to me that a pyramid entry would be the safest option.
Let's see how this develops.. Best wishes to all.
I see very likely the possibility of a final push to the area of 86.86 during the change between March / April and then a break of trend to the area of 60 between June / August.
I know that this is a great company and that his chart can be even more aggressive, that is why I also analyzes the possibility of what I call a Super Bullish projection, in which Paypal could reach 119 in a couple of years. However, it is not the focus of this publication. (Anyway, I included the "SB" levels in the chart)
Here, I am focusing on all the evidence I have to go Short. My biggest concern is that there is a minimal possibility of over extending the top to the area of 94. So it seems to me that a pyramid entry would be the safest option.
Let's see how this develops.. Best wishes to all.