Dec. 6 at 1:36 AM
Actionable Trade Alert for
$PYPL:
Market Context:
$PYPL is currently trading at
$61.73, below its 30-day (MA30) and 50-day (MA50) moving averages, indicating bearish sentiment. The RSI at 37.51 suggests that the stock is nearing oversold conditions, which may lead to a potential reversal.
Directional Bias: Given the RSI and the proximity to the 60D Low of
$58.0, there is a possibility for a rebound. The ATR of 1.86 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$61.73
- Stop Loss:
$58.00 (below the 60D Low)
- Take Profit Targets:
1. Target 1:
$64.00 (approx. 3.5% gain)
2. Target 2:
$67.00 (approx. 8.5% gain)
3. Target 3:
$72.00 (approx. 16.7% gain, achieving over 17% ROI)
Monitor price action closely. If the stock shows strength, adjust targets accordingly.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
