Today's candle made a "hammer to close. Consolidation is likely given the RSI is approaching overbought levels, but tomorrow's open will be a tell. I will look to add between the POC (48.70) and the .23 fib level (49.33). If tomorrow's candle gaps up or makes a strong move to the upside I believe 56.5 will be in play before PAGS takes a breather.
MACD is curling up and the price is currently oversold with a RSI of 40. The price recently tested the weekly and daily trend lines. Target: 48.94
Looking at the chart for PAGS it has just formed a double bottom on the daily at around $ 43 which now acts as support. On the volume, you can also see a nice big green candle on the daily indicating that Big Money in interested in this company. The RSI and Ichimoku are now pointing up, the Stochastic RSI is about to turn and the MACD on the 4 hour is already...
$PAGS retested structure in a bullish wedge pattern. Watch for upside continuation.
43% profit. Currently the challenge is area 54$ (Depended upon market trend). Main support 46.7$ I'm lowering the risks now, and choosing to take huge profit, Wish to all Good-luck and all the best :) Not suggesting to buy or sell PAGS stocks.
Main challenge is to close above 51.6, and can be a safe indication for a long again. Main support remains the local lower price, 46.76$ Not recommended to buy or sell PAGS stock, Just an Idea,
1. keeping price above MA20. 2. Keeping price above 52.9. Only then we can meet a higher peak :) It is not a recommendation to buy or sell! Just a Technical viewpoint.
Potential Long entry above 48.05. not for any recommendation, Just an Idea,
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Alert set for breaking above 45.76 closest Support level 42$ Not for any advise Just an Idea,
Nice breakout pattern setting up on $PAGS. The stock been trading in a tight range right underneath pattern breakout level. Low volume in recent days indicates supply has stopped coming in. Earning coming out after the close tomorrow makes it hard to establish a position until that's out of the way. That said, volume pattern is suggesting price ready to move...
Not for any advise Just an Idea,
Not for any advise Just an Idea,
Potential long entry on a break above the Fibo 23% (37.5$). Not for any advise Just an Idea,