Apollo_CB

PYPL approaching prior support and supply

Long
BATS:PYPL   PayPal Holdings, Inc.
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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