PYPL Long Idea

1 ก.ค.

PYPL has been very weak for a long time now. It did have some bullish momentum earlier in the year after an inverse head and shoulders. It dumped on earnings and fell back to the neckline before going on a nice bull run. Now it is all the way back to the neckline again. We saw a bounce already last week and it's sitting right on the line now. I think if NQ rallies, PYPL has a good chance to reverse the recent downtrend. I could see a quick move up to the $72.50 area.