PYPL approaching prior support and supply
PYPL got clobbered this year finding a low of a ~ 9 Gap PE ratio which is pretty undervalued. The stock recently took a medium term resistance and approaches my golden support from a while ago. I drew a local supply that needs to be dipped into as well. The 50 SMA collides perfectly into this supply zone. I am looking to potentially long this stock with a 60 day out call setup.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.