PayPal may rise to 66.00 - 67.60

57.3 is our pivot point.

Our preference

Short term rebound towards 66.

Alternative scenario

The downside breakout of 57.3 would call for 54.5 and 52.9.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (59.5943) but under its 50 day moving average (62.4373).

Supports and resistances

69.3 **

67.6 *

66 **

64.3

59.97 (USD-last)

58.4

57.3 **

54.5 *

52.9 **

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