PayPal may fall to 55.70 - 57.30

Our pivot point is at 65.5.

Our preference

The downside prevails as long as 65.5 is resistance.

Alternative scenario

The upside breakout of 65.5 would call for 68.2 and 69.9.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 63.8215 and 64.6226).

Supports and resistances

69.9 **

68.2 *

65.5 **

64.4

62.51 (USD-last)

58.9

57.3 **

55.7 *

54.1 **

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