PYPL Head and Shoulders Pattern on Weekly Chart. Close below 20 week MA past 2 weeks. If neckline breaks, stock should move towards 60.
Kommentar:
Neckline broke as of last week, but so far rallied back up. With market whipsawing and indecisive on direction, need to monitor further to see if this triggers.
Kommentar:
Neckline broken and regained. Play invalidated.
Kommentar:
Interesting turn of events. The neckline was regained, but stock was rejected at 79ish and now taking a dive. Below neckline and on route to sub-70s. Rising moving Avg support below.