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Wednesday, March 1, 2017

Annual Trading Forecast for PayPal (2017)

Historically, the movement on PayPal shares (NASDAQ:PYPL) has been choppy, but the overall movement has been bullish. The current price action shows the bullishness in the market.


In the past several months, the market has been quite choppy but bullish.

4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part for the chart. All the EMAs are sloping upwards, as price hovers around the EMA 10 or 20. There may be pullbacks towards the EMA 10 or 20 (even 50) – all of which would provide good opportunities to go long.

PayPal is currently sloping upwards, and the outlook on its shares for this year is bullish; unless price crosses the EMA 200 to the downside, closing below it. That would be a Death Cross.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies:  Super Strategies 
  

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