PAYPAL approaching the price I was waiting for.
After I missed the price in this zone the previous time this time, now I will not let it escape without me.
Recent reports weren't too strong earning report was missed out. but the company is still existing and strong and profits are expected to grow (more than 18% next year).
On the technical side
1. It looks like Elliott wave close to being ending (ABC) - target price 104$
2. 104$ price range is also strong support from a trend line that if we break it we will probably see 94$ and conformation of a new trend line-there are also GAP to If the price is achieved.
3. We entered a zone that is also with high supply-demand.
Not financial advice!
Recent reports weren't too strong earning report was missed out. but the company is still existing and strong and profits are expected to grow (more than 18% next year).
On the technical side
1. It looks like Elliott wave close to being ending (ABC) - target price 104$
2. 104$ price range is also strong support from a trend line that if we break it we will probably see 94$ and conformation of a new trend line-there are also GAP to If the price is achieved.
3. We entered a zone that is also with high supply-demand.
Not financial advice!
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