PAYX Trade Setup + Educational Example

PAYX (Paychex Inc.) appears poised for a substantial correction pending a sell signal & will be added as an official Short Trade Setup with an entry to be triggered on any break below 85.99, which will have taken the stock down below the uptrend line on this daily chart below.

As per the multiple bearish developments covered in this 10-yr weekly chart in the PAYX video below, the stock appears poised for a ~20% drop in the coming months pending a sell signal on the daily chart.

The price targets for this trade are T1 at  78.18, T2 at 75.40 & T3 at 72.35 with a suggested stop of a daily close above 90.33 (or lower, if only targeting T1). The suggested beta-adjusted position size for this trade is 1.0.

There are over a dozen current and pending technical developments in the daily & weekly charts of PAYX to support the case for a substantial correction, should those pending bearish developments materialize. I figured that I would highlight those developments as a general educational video for using technical analysis in your swing trading as well as longer-term investing.