Paying for Paypal
PayPal is approaching the 382 support after selling off within the broadening wedge pictured.
You can see how price has wedge into the top and sold off somewhat twice on chart's past.
As we near the 382, I expect bulls to favor the price and short sellers to want profits.
This is short term analysis given the wedge may need to fill the bottom to the 618.
If support breaks the 618 below is target for bears.
I want a 236 retest but will let chart control my opinion.
Not trade advice.
You can see how price has wedge into the top and sold off somewhat twice on chart's past.
As we near the 382, I expect bulls to favor the price and short sellers to want profits.
This is short term analysis given the wedge may need to fill the bottom to the 618.
If support breaks the 618 below is target for bears.
I want a 236 retest but will let chart control my opinion.
Not trade advice.
Penafian
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