Bearish divergence on Paypal stock!
Easy money can be made here.
A bearish divergence is seen on the RSI, the price is still climbing whilst the RSI is in a downtrend.
This is a bearish indicator.
In other words the bullish momentum is looking weak. Expect a pullback to at least 240 USD.
Today's price action was just the start of the event.
bbpetersen,
A bearish divergence is seen on the RSI, the price is still climbing whilst the RSI is in a downtrend.
This is a bearish indicator.
In other words the bullish momentum is looking weak. Expect a pullback to at least 240 USD.
Today's price action was just the start of the event.
bbpetersen,
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