RealMacro

PYPL Short Setup

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NASDAQ:PYPL   PayPal Holdings, Inc.
Nice little risk-reward setup on the next break lower out of the bear flag.
Short calls on solid companies are fools game admittedly,
but the chart is the chart.
Komen:
As expected now trading $145
Komen:
Keeps getting trashed!
Komen:
Still a bearish chart. Bottom pickers are not being rewarded.
Komen:
Since I first published PYPL has lost 66% of its entire value.
Komen:
Buy now pay later in a rising interest environment was not a good idea for PYPL to get into.
Dagangan ditutup: sasaran tercapai:
After a year and a half. I am finally closing this short position for a 68% gain in PayPal.

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