PayPal may fall to 51.90 - 53.60

Our pivot point is at 62.3.

Our preference

The downside prevails as long as 62.3 is resistance.

Alternative scenario

The upside breakout of 62.3 would call for 65.3 and 67.1.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 62.7648 and 63.9007).

Supports and resistances

67.1 **

65.3 *

62.3 **

61.1

59.81 (USD-last)

55.3

53.6 **

51.9 *

50.1 **

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