No. of Recommendations: 11
I'm watching PYPL, but will hold off at least until it gets into an uptrend.
Maybe wait for EMA3 > EMA8?I'm not a big fan of chartism.
But if you want to lean that way, here's a suggestion that improves things a bit: ignore what the price chart is doing.
Rather, look at how it's doing relative to other things. That's something that trends much better than the absolute price itself.
Markets are noisy. Trends of underperformance and outperformance tend to be both smoother and more sticky.
This link gives you a graph of the ratio of Paypal's stock price to the average large cap.
stockcharts.com: SharpCharts | StockCharts.comA horizontal line means it's tracking the market. A rising line means it's outperforming. Definitely not the case at the moment.
Jim
