TraderBwater

PYPL still long way to fall

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TraderBwater 已更新   
NASDAQ:PYPL   PayPal Holdings, Inc.
Hitting moving average and failed. RSI shows that the recent rally was a bear market rally. Good candidate to short with good RR. First target the yelow zone (although it can drop lower). Still a long way to fall. Long-term chart looks bad too. I will never long PYPL
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Forgot to add an additional clue to support my analysis. The 67.5 area was a support turned resistance line. This line has been tested twice as resistance and failed. I remain short on PYPL.

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