PAYPAL HOLDINGS INC.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 73.25 |
| Take Profit | 78.25 |
| Stop Loss | 71.00 |
| Key Levels | 57.00, 65.70, 68.00, 70.80, 71.00, 72.00, 73.00, 78.25 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 70.80 |
| Take Profit | 65.70 |
| Stop Loss | 72.00 |
| Key Levels | 57.00, 65.70, 68.00, 70.80, 71.00, 72.00, 73.00, 78.25 |
Shares of PayPal Holdings Inc., an American debit payment system, are correcting at 72.00.
On the daily chart, the price is moving slightly above the sideways channel of 68.00–57.00, retreating from the resistance line.
On the four-hour chart, the quotes have crossed the range border, although the price has previously tested it five times, stopping around 67.00. To continue growing, the asset needs to consolidate above the high of 73.00.
Technical indicators strengthen the buy signal: fast EMAs on the Alligator indicator are significantly above the signal line, and the AO histogram is forming ascending bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 73.25, with the target at 78.25. Stop loss — 71.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 70.80, with the target at 65.70. Stop loss — 72.00.
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