Load up – PayPal needs more weight to gain enough downwards pressure! We expect the share to make it below the support at $66.11 and thus into the gray zone between $66.16 and $34.93. There, the course should complete wave II in gray and take off above the resistance at $93.52 afterward. However, there is a 35% chance that PayPal could conquer this mark earlier...
PayPal Holdings' stock (PYPL) rose in the intraday levels, while trying to correct the main downward trend in the medium term, touching the resistance of the 50-day SMA, with positive signals from the RSI after reaching overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the pivotal support of 68.50,...
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PayPal has seen an extreme sell-off this week so far, the last series of the correction since late July. By doing so, the price has almost reached the bottom of its 'Fair Value Zone' which is practically the Higher Lows trend-line since the January 2016 market low.
Every prior touch on that line has been a long-term buy in the past, with PayPal starting a...
