Trading idea number S-013 | PayPal stock could raise to $73 area.
The RSI is below its neutral area but rising. The MACD is above its signal line and is negative. In addition, the stock is trading above its 20-day moving average but still below its 50-day moving average. A confirmation of prices above the pivot point could lead to an upward break of the 50 EMA, driving prices quickly toward US$73 by closing the gap.
📈 Long Entry at 63.57
💰 Take Profit at 73
💸 Stop Loss at 58.60
The RSI is below its neutral area but rising. The MACD is above its signal line and is negative. In addition, the stock is trading above its 20-day moving average but still below its 50-day moving average. A confirmation of prices above the pivot point could lead to an upward break of the 50 EMA, driving prices quickly toward US$73 by closing the gap.
📈 Long Entry at 63.57
💰 Take Profit at 73
💸 Stop Loss at 58.60
Trade closed: stop reached:
-7.82%