[isatrader]

PYPL - I highlighted Paypal three weeks ago on it's Stage 2A breakout day, and since then it's consolidated around that level on low volume, but stayed above the breakout level. So the Stage 2A breakout has held, although it's not made any progress. But low volume in the consolidation is good to see, and I'd like to see it will get some stronger volume come in if it attempts to continue higher.

The initial P&F target is currently $56, although that could grow if the current consolidation doesn't pullback any further before moving higher, and so there looks to be good R/R for both trader or investor methods, with the investor stop loss position around $35, and the trader stop loss around $37.

           

[Update: 24th March] PYPL is looking like a potential failed breakout attempt due to Apple announcing it's entering the online payment market, although it's still above the breakout level currently. Interested to see what happens with this one.