Comments on: PYPL PayPal Breakout 8-20-24

By: rsotc

rsotc — Tue, 20 Aug 2024 16:00:45 +0000

In reply to curtisbutler@mac.com. Correct. If PYPL can print a solid close (or appears likely to do so in the final minutes of trading) today, especially if the broad market manages to hold up then PYPL has a decent shot of building on today's breakout.

By: rsotc

rsotc — Tue, 20 Aug 2024 15:59:15 +0000

In reply to fcel. Sorry but ASTS just not my kind of chart to trade long or short. The stock is in a near-vertical uptrend with zero sell signals although big negative divergences building on the daily chart. Not a lot of trading history to chart & no resistance overhead since it is at a new high since it started trading in 2019. I just can't render an opinion on that one other to say I personally wouldn't touch the stock here... maybe after some consolidation or a half-decent correction so feel free to bump me again later.

By: curtisbutler@mac.com

curtisbutler@mac.com — Tue, 20 Aug 2024 15:19:59 +0000

Hi, Randy. On the annotated chart for PYPL, you mention a higher probability “sell” signal when I believe you meant “buy” signal.

By: jmccallum

jmccallum — Tue, 20 Aug 2024 14:48:31 +0000

nice chart.

BTW, this has been a beautiful month so far in Michigan. NO chemtrails all month.

By: fcel

fcel — Tue, 20 Aug 2024 14:47:33 +0000

Randy: Long or short, buy level for ASTS?

By: rsotc

rsotc — Tue, 20 Aug 2024 14:03:56 +0000

So far, volume confirming the breakout on PYPL as ideally, you want to see a stock breakout on 1.5x or better average volume. $SPX & $NDX also remain above their respective near-term uptrend lines for now although I'd give it north of a 90% chance they break down today & if so and depending on how impulsive & deep/prolonged the ensuing pullback in the stock market is, that could provide a headwind for this PYPL long trade but so far, looking good as we are rounding out the first 30-minute of trading.