Dec. 17 at 2:18 AM
Actionable Trade Alert for
$PYPL:
Market Context:
$PYPL is currently trading at
$61.49, showing a neutral RSI of 51.52, indicating no immediate overbought or oversold conditions. The stock is below both the 30-day (MA30=62.76) and 50-day (MA50=65.67) moving averages, suggesting bearish momentum in the short term.
Directional Bias: Given the recent high of
$79.21 and low of
$58.00 over the last 60 days, there is potential for a rebound towards the upper range. However, the proximity to the 60D low indicates caution.
Trade Plan:
- Suggested Entry:
$61.50
- Stop Loss:
$58.00 (3.97% risk)
- Take Profit Targets:
1.
$65.00 (+5.97% for a 1:1 risk-reward)
2.
$70.00 (+13.48% for a 1:2 risk-reward)
3.
$72.00 (+17.14% for a 1:3 risk-reward)
This trade plan aims for a minimum of 17% ROI on the third target while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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