Paypal (PYPL)

[admin]

Static chart, reaching the limits of the uptrend channel

The dynamic chart to follow how this will develop:

[admin]

Well, here is the situation before market open on Monday 27 February. With the markets due for a break, shorting this for a temporary trade looks like a good risk reward:

Interesting to see how this goes, so once again here is the dynamic chart:

[admin]

Here is the situation before open on March 1, it shows that there was indeed a tradable short a couple of days ago when we hit the upper trading range. It was only a $1 dollar range (2.5%) but still tradable.

[admin]

New situation developing March 20 before opening:

It's not a very volatile stock so we think a little (or, more likely, a mini) pullback is the most likely scenario, but it isn't very overbought and the trend is still firmly upwards so we sit on the fence here and watch it play out with the dynamic chart: