PYPL
PayPal broke out of the descending wedge and broke above the Inverse Head and Shoulders (IHS) neckline resistance with significant volume. It is now trading above the notorious $64 resistance. January 25th is the innovation day. If it can "shock the world," as the CEO said, it has much further room to run. In other words, it is a make-or-break day for Paypal.
Here are the targets:
$73
$76
$81
Downside risk:
$55
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