PYPL was identified at around 68.01 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 64.2098 level.
Related Posts
NVDA keeps moving closer towards 184.4200. Will it finally breach this level?
NVDA is moving towards a line of 184.4200 which it has tested numerous times in the past. We…
BIDU – approaching a resistance line that has been previously tested at least twice in the past
BIDU is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
ADBE seems to be on its way to resistance – a possible opportunity?
ADBE is heading towards a line of 357.8900. If this movement continues, the price of ADBE could test…