$PYPL Possible Bullish pattern targeting 75$ SL 61

Good risk/reward idea. Subject to RSI signal if break out then confirm bull wave targeting previous gap then fibo at 1.62% - stoploss will be at 61 which around 8% down from last closing Profit taken at 75$ will gives rewards by 16% approx . it can go higher but lets take it one by one as stock still on down trend since long time and can go lower to around 48-50 . better to strangle options with bullish view. good luck

Kommentar:

down 2 days - closed with bullish candle - needs to be confirmed if back above 65.55 again . to be updated