Dec. 25 at 1:36 PM
Actionable Trade Alert for
$PYPL:
Market Context:
$PYPL is currently trading at
$60.04, showing a bearish sentiment as indicated by the RSI of 39.29, suggesting it is nearing oversold conditions. The stock is below its 30-day moving average (MA30) of 61.37 and 50-day moving average (MA50) of 64.16, reinforcing a bearish trend. However, the proximity to the 60-day low of 58.0 indicates potential support.
Directional Bias: The bearish trend is evident, but with the RSI nearing oversold levels, a reversal could be imminent, providing a potential buying opportunity.
Trade Plan:
- Suggested Entry:
$60.04
- Stop Loss:
$58.00 (below 60D low)
- Take Profit Targets:
- TP1:
$63.00 (approx. 5% ROI)
- TP2:
$66.00 (approx. 10% ROI)
- TP3:
$70.00 (approx. 16.6% ROI)
This plan targets a minimum of 17% ROI on TP3, aligning with current market conditions and technical indicators.
For more insights, visit https://privateprofiteers.com.
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