PaperBozz

$PYPL - can it play out?

Long
BATS:PYPL   PayPal Holdings, Inc.
PYPL With the recent pull back a new inverse head and shoulder with the neckline at $64, is in play now. $64 is also the 200DMA resistance so it will be harder to break above.

If the stock can close above $64 for at least 3 sessions, it can see further upside.

Breaking below $57 would invalidate the pattern.

Targets:
$64
$71
$76

Downside risk:
$55

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