PayPal may fall to 56.00 - 61.00

Pivot

71.00

Our preference

Short positions below 71.00 with targets at 61.00 & 56.00 in extension.

Alternative scenario

Above 71.00 look for further upside with 76.50 & 88.00 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

88.00 **

76.50 **

71.00 **

61.64 Last

61.00 **

56.00 **

50.50 **

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