• PYPL is doing a Descending Broadening Wedge in the weekly chart; • This week it went up almost 20%, and it is in a key resistance area, made by the upper purple trend line and by the 21 ema; • In theory, PYPL would correct next week, however, if the bullish momentum persists, PYPL would break this Descending Broadening Wedge, and in this scenario, the next resistance is the $122 (green line); • The volume is increasing, which reinforces the idea of a breakout; • For now, let’s pay attention to this resistance area.
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