Hitting moving average and failed. RSI shows that the recent rally was a bear market rally. Good candidate to short with good RR. First target the yelow zone (although it can drop lower). Still a long way to fall. Long-term chart looks bad too. I will never long PYPL
Trade active
Forgot to add an additional clue to support my analysis. The 67.5 area was a support turned resistance line. This line has been tested twice as resistance and failed. I remain short on PYPL.
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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.