nickso833

its pay now or pay later but the time is now pal

Long
NASDAQ:PYPL   PayPal Holdings, Inc.
PYPL or Paypal, observing this weekly timeframe of paypal using volume to the left, and price action on the chart to the right this time with a MACD crossover macd line crosses the signal line presenting bullish momentum. The histogram is in bold representing bullish momentum and slightly larger then the bearish volume bars prior. The candle at play is a bullish big bodied long wick candle signaling buyers have stepped in bought, and have deemed the price of low 50s to be cheap. Accumulation begins, the candle closing above the 9 day ema represented in the purple line and the 30 day moving average represented by the yellow line, easily closing above the previous price of resistance of 65.73 during the week of sept 11 2023. A better sign of bullishness would be if price were to push past 76.54 last seen during the week of july 31 2023.

infamousnicone
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.