PayPal may rise to 88.50 - 91.00

Our pivot point stands at 76.

Our preference

As long as 76 is support look for 88.5.

Alternative scenario

The downside breakout of 76 would call for 71.8 and 69.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 79.056 and 73.6692).

Supports and resistances

93.5 **

91 *

88.5 **

86

79.82 (USD-last)

77.6

76 **

71.8 *

69.3 **

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