Short term bullish in an overall macro downward trend

14 May 2023

-Short term forecast:
-Descending wedge still in play for Paypal
-Looking for a bounce near the bottom of the channel. Maybe around $60-$61 will be the low target. TP around $70-74

-Long term outlook
Lots of support around $38-40. Accumalate at $56 and $44 as well.

Gap at $140-170 will eventually get filled in the coming years.

There are other small gaps at $84, $75, $55 and $44.

25 Tem 2023

İşlem kapandı: hedefe ulaştı

My target of $74 has been reached and i have taken most of my profit off the board for now. Im keeping a small bag just in case it decides to head higher to the $140 range first. However i will keep sticking to my plan of accumalating lower in the $38-56 region if that comes first. Either way this has been a nice play from my intial buy of $60. I will get bullish if paypal can break above the descending channel and find support.