PYPL - Another HTF Bullish Beginning Despite Probable FED PivotDid look weak having slumped through the demand line.
But it has now made a strong recovery back above.
This is a significant tide turning event I think.
And so it would appear that yet again we have a 3 wave upside correction to initiate an accumulation phase...
This leads to a slump.
From there, the first uptrend of significance has begun.
So PayPal is a nice buy here I think.
It may yet slump back to re-test the demand line also if Nasdaq has a pull back.
But in higher time frame, this looks to be a great buy-and-hold for long term.
It is interesting this phase because we have a potential FED pivot next month which historically has led to devastating losses.
But yet we are seeing quite a few stocks making their way out of accumulative structures.
So we'll have to see how that plays out.
But the chart on its own merit looks very good here for an entry.
PayPal is still very much no.1 in online payments.
So this should be a solid buy really.
Not advice
