PayPal may rise to 89.50 - 92.10

Our pivot point stands at 77.5.

Our preference

The upside prevails as long as 77.5 is support.

Alternative scenario

The downside breakout of 77.5 would call for 73.4 and 70.9.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 76.738 and 71.6428).

Supports and resistances

94.6 **

92.1 *

89.5 **

87.1

81.65 (USD-last)

79.2

77.5 **

73.4 *

70.9 **

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