PayPal - Possible relief rally soon?

٢ فبراير ٢٠٢٢

Key highlights:

1. Approaching weekly demand zone
2. May try to reclaim 200MA cluster
3. Volume climax
4. Approaching previous support level
5. RSI oversold on multiple time frames
6. Wait for a reaction from the demand zone

Conclusion: We may see a relief rally in the coming week. The idea seems to be too ambitious at the moment. Wait for a reaction from the demand zone.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)

١٩ فبراير ٢٠٢٢

ملاحظة

Idea negated because the demand zone was taken out by a strong bearish candle. No bullish reaction from the demand zone.