PYPL has dropped 22% from its recent high, wiping out all of its gains since June.If you are one of those who are saying "I missed the boat," well now is your chance. 😂
The current price level of $59 needs to hold, or else we will see a further breakdown. There are no strong support levels below. We could even see the price check back to the lower trend line somewhere around $52-51.
There is also a gap around $45.
Here are the support levels that I am watching for a potential reversal:
$59.64 (current support)
$51-52
$46
$45 (the worst case)
I will post an updated chart once I see the reversal.
Good luck bulls. We need it. Let's pray that it bounces tomorrow and never looks back.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.