PayPal may rise to 73.60 - 75.80

Our pivot point stands at 61.3.

Our preference

The upside prevails as long as 61.3 is support.

Alternative scenario

Below 61.3, expect 57.8 and 55.7.

Comment

The RSI is above its neutrality area at 50. 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 60.1135 and 61.1459). Finally, PayPal has crossed above its upper daily Bollinger band (64.06).

Supports and resistances

78 **

75.8 *

73.6 **

71.4

65.77 (USD-last)

62.8

61.3 **

57.8 *

55.7 **

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