Nov. 22 at 1:56 AM
$PYPL: Current market context shows the stock closing at
$60.57, with an RSI of 29.57, indicating it is oversold and may be due for a rebound. The 30-day moving average (MA30) is at 66.72, and the 50-day moving average (MA50) is at 67.74, both suggesting a bearish trend as the price is significantly below these averages. The 60-day high of 79.21 and low of 58.0 indicates a range-bound environment, with the current price near the lower end.
Directional bias leans towards a potential short-term reversal due to the oversold RSI. Suggested entry is around
$60.75, with a stop loss at
$58.00 to manage risk. Target 1 is set at
$65.00, aligning with the MA30, while Target 2 is at
$67.00, near the MA50. This plan allows for a favorable risk-reward ratio while considering current market conditions.
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