Position Trade - Great chance of a 100% return on a 2 year hold

4 oct 2023Paypal may dip as low as $50 but it is basically as low as it will go. It is likely to sideways trend for about 3-7 months but after that it is likely to climb substantially. RSI has fallen to the oversold region and it has consolidated 2/3 of the time required for a reversal to likely occur (reversion to the mean). The VWDC Donchian Channels also show a dip below the channel. As soon as the momentum indicator reverses (3-7 months) a long-term bull trend can be expected.