PayPal may fall to 57.60 - 59.10

Our pivot point stands at 66.8.

Our preference

The downside prevails as long as 66.8 is resistance.

Alternative scenario

The upside breakout of 66.8 would call for 69.5 and 71.1.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 64.9995 and 64.5156).

Supports and resistances

71.1 **

69.5 *

66.8 **

65.7

64.48 (USD-last)

60.7

59.1 **

57.6 *

56 **

Number of asterisks represents the strength of support and resistance levels.