PayPal possible 10% up move in 10 weeks

PYPL
i don't usually publish my target projections - but thought i should start at one point to get more experienced traders than myself to provide feedback for how to improve.


PYPL shows a potential run up after a good 6-month accumulation. Price projections shows a possible 10% within 10-12 weeks.

• The magic entry zone was $108 to $112 or so.
  
• the first projected target $117 was hit
  
• there's couple of signs of strength - especially how it picked up from the gap down post Jan earnings announcement
  

for my entry, and to get totally convinced, i want to see more buying momentum building up, and a come back to the buy zone followed by a confirmation of continuation up - and that should happen within the next 5-6 trading days, if not sooner.

comments and thoughts?

Kommentera:

that planned move seems to happen sightly earlier than expected ... but all good!

Kommentera:

Possible bull flag, and another attempt to break resistance at $121 - still going according to plan so far.

Handel aktiv:

Feb 14 - Today's update: we broke the $121 early in the session, with good volume and commitment - still holding this position - looking next to break the $124.

Handel aktiv:

First Target $124 hit -- we have good return on April 115 calls - will let it ride hoping to hit the 2nd target, will update again soon!