PYPL has been looking more and more promising lately with recent changes to management and the most recent news of plans to acquire Cuban business. However, the recent news seems like a small bubble in comparison to the resistance level it was experiencing the previous week.
PYPL is also very close to breaching it's all time high which could act as another resistance level around $42.
We could see this trend continue in the following weeks, but in the short term, we could see some indecisive waves over the next fews days as the resistance line is accepted or denied.
I'm confident that PYPL will be a good Long hold regardless, the question is the entry point.
PYPL is also very close to breaching it's all time high which could act as another resistance level around $42.
We could see this trend continue in the following weeks, but in the short term, we could see some indecisive waves over the next fews days as the resistance line is accepted or denied.
I'm confident that PYPL will be a good Long hold regardless, the question is the entry point.