Sunday Prep 10/24 - $PYPL It's Going to be a Great Opportunity

25 ott 2021

I think this is going to be a great opportunity on this name if we can get these prices. This all stems from a major short trigger that occurred back in 9/28. It was a short setup based on the weekly chart and the monthly timeframe was where we were extended. This setup has the monthly 20sma as it’s target. This level also coincides with the quarterly pivot as well as the highs from the base that was built from August to November 2020. If we get these prices I will look to daytrade the name, but it will also be a swing position that I start to build in down there as well.