Riainvestment

Paypal setting up for downside.

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NASDAQ:PYPL   PayPal Holdings, Inc.
I have been watching paypal. Nice long term buy for me. Not a swing trade. Chart is showing some downside since Friday 09/11 created a fresh low. Let's see if 50 EMA holds. If 50 EMA does not hold next stop is way far at 200 SMA. Looking at SPY and everything else Monday and Tuesday seems very important. If SPY breaks to the downside then Paypal is sure to move down. Should it get all the way down to 200EMA which is also a 50% retracement for Paypal it's a nice time to pick some up. This is just an opinion. Do not buy or sell based on this post. Do your own home work for that.

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