The Long Investor
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$PYPL TOP 20
🕑 Added 2025-02-04 16:19:53 +0000 UTCDown -9% now after a difficult earnings on margins but a lot to be hopeful for if the price can continue to move down for an ABC correction to $75.
Right now the Wave 4 pull back is still valid because the price is about to touch the 0.38 Fib, which is standard for Wave 4 and we can see 3 clear waves.
I suspect a bounce will likely come on this level and it could either be Wave B or Subwave 1 of Wave 5, so we will need to watch this closely
A rejection of the 50 Day MA from below at $88 would indicate that we are in Wave B and I would expect a lower low next to $75 at the 200 Day MA and we buy in the Buy Zone.
Comments
Willy G
Thanks cap, most of us are still well in the green. Great to have some guidance after earnings.
