PYPL技术面疲弱；在稳定之前，不宜激进入场。

Okay, I want to specifically ask you about PayPal. Well, PayPal very recently, just go back to July, you received an unsolicited takeover bid. That would be an interesting place to install an anchored VWAP , let's say. And then you also had the denial that this, well, the withdrawal of that bid caused the stock to drop to the 200-day, uh, SMA. While the weather is dropping, down 3.5% here, is there anything that makes you like the 200-day moving average there at the recent low of 50.50 dollars ? But is there anything about the anchor that tells you there might still be support, uh, left for PayPal? Because often you think: "Oh, it rose due to takeover speculation. The deal is off. What possible reason could there be to be bullish? Is there anything left specifically for PayPal?" And if you had to, if you were to anchor, place an anchor at your VWAP because of, say, a rumor about a deal, would that still matter that much in hindsight if the potential for that deal is no longer there? Or is it still just an important level for you?

Well, okay, let's look at it step by step . Is this where the deal was mentioned, exactly here in July? Is that what you said? Yes , mid-July. So, so that was that gap up and the buyers were in control, and then it dropped with a gap and recovered perfectly to that level. So the average participant starting from that gap higher during this time effectively had the chance to break even, and it seems they have done so . So now we have that as a source of supply and you know, a lower peak, guilty until proven innocent until it comes back up there again. We have a declining 50-day, sorry, a declining 20- day, rising 50-day, declining 200- day average. So initially I look at it and say: it is comparable to Portola, just a bit of a mess.

But if you look at the anchor point from the low in June, we saw that that first pullback found buyers there. So that will be the level again, together with, as you already said, the 200-day moving average. So in this , you know, 50 to 52 range. If that does not hold, you will likely see it drop to the anchor point of that gap-down in February or the year-to-date anchor point, both of which lie in this zone around 47 to 48. So I would say: let this stock settle down first before you start thinking about an aggressive entry. Because if it is really broken, it might do this and drop to that level, and then you need more time to correct, not just this week and a half of sideways movement, and it is back below that flat to declining 5-day average, which never helps.