Paypal
stock (NASDAQ:PYPL) is in a bullish trend, which has been in place since
December 2018. In spite of the current pullback in the market, the outlook on
it remains bright.
In the
chart, the Williams’ % Range period 20 is around the overbought region and will
soon become more overbought than it currently is.
Price is
also above the EMA 21, supporting the bullish outlook. So, the current pullback
is just a good opportunity to enter the market at a relatively cheaper rates.
For this
year, PYPL is supposed to continue trending upwards, reaching the distribution territories
at 100.00, 110.00 and 120.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities Trading realities
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