PayPal may rise to 65.30 - 67.00

Our pivot point stands at 56.7.

Our preference

Short term rebound towards 65.3.

Alternative scenario

The downside breakout of 56.7 would call for 53.8 and 52.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 61.0553 and 62.9359).

Supports and resistances

68.6 **

67 *

65.3 **

63.6

59.76 (USD-last)

57.7

56.7 **

53.8 *

52.2 **

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