balinor

Inverted Head and Shoulder almost complete, SMA100 supporting

Long
balinor Updated   
BATS:PYPL   PayPal Holdings, Inc.
Inverted H&S is almost complete, SMA100 last three days provided a strong support

I suppose price will reach neckline al 64$ soon , maybe next week and then a bullish movement will beging targeting SMA200 at around 65$

SMA200 crossing and inverted H&S confirmation can provide enought strenght to exit from the (long) downtrend channel and fill the gap between 67$-72,5$
Comment:
It seem that SMA100 is saving the day again
Comment:
Bad day, more analyst changes rating and stock is falling badly
Hit my stop loss and put me out of this trade
Comment:
Great strength!
Price can get back inside channel up
Trade active:
58,90
Comment:
25 January
PayPal will ‘shock the world’
CEO Alex Chriss
Comment:
After neckline breaking is common a test/pullback, i think price wil now raise to reach first target 72,5$ (gap filling)
Very important it that price close outside of bearish channeldown (over 66$)
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