Description
⋅ PYPL on the 30-minute chart over the past week fell 10 %, Based on the anchored
VWAP bands as well as the volume profile it is in deep oversold territory potentially
as a reaction to the stablecoin plan. Volumes are relatively hig while the ZL MACD
has had a line cross under a flipping histogram. I see this as an excellent long
swing trade setup targeting the mean VWAP or the POC line as the first target for 50%
of the trade and 25% each targeting the upper VWAP lines. I will take a combination
of a number of stocks and a put option 2-3 months out for some trade risk insurance.