PYPL has traded back down to its consolidation zone from August-October 2020. In theory the stock could re-auction in a similar zone of 174-203 as the market gets hit. However, if PYPL continues to trade lower a test of the gap up from 138 would be the next stop. PYPL has done well in expanding their business model with integration into crypto and buy now pay later systems through their acquisition of Paidy in September. This acquisition and miss on revenues could explain the near term shift in the stock. That being said, the costs of crypto integration and acquisitions are only a near term issue. The past few months, strength from value stocks and a recovering dollar has pressured growth stocks such as PYPL. Despite this, the stock is poised to recover swiftly when a second tech rally plays out. Some topside levels to watch are 216 where the stock could see some overhead supply after a gap down. Another level to watch is 251. A close above this level would give me confidence for the stock pushing into ATH’s.