Dec. 31 at 3:21 AM
Actionable Trade Alert for
$PYPL:
Market Context:
$PYPL is currently trading at
$59.1, showing a bearish sentiment as indicated by an RSI of 37.61, suggesting potential oversold conditions. The price is below both the 30-day MA (60.81) and the 50-day MA (63.7), reinforcing a negative trend. However, the proximity to the 60-day low of
$58.0 indicates a possible reversal point.
Directional Bias: Given the RSI's position and the recent price action near the 60-day low, we anticipate a potential bounce back towards the MA levels.
Trade Plan:
- Suggested Entry:
$59.5 (slightly above the last close)
- Stop Loss:
$57.5 (to limit downside risk)
- Take Profit Targets:
1.
$62.0 (1st target, approx. 4.2% ROI)
2.
$64.0 (2nd target, approx. 7.5% ROI)
3.
$69.0 (3rd target, approx. 16.8% ROI)
This plan aims for at least a 17% ROI on the third target while managing risk effectively.
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