$PayPal(PYPL)$Increasing RSI & Stochastics. Upward sloping trend line, current downtrend will most likely stop and a upward trend for the short term will resume.
Plus point: Reversal candle in place, keep a look out.
Short term price target: $212.40 (Previous gap down open)
Mid term price target: $224.60 (Gap close price)
Long term price target for down trend: $247.22 (50% Fibonacci)
Unless positive news and new revenue generating stream appears, PYPL will continue with down trend.
Stay safe!
精彩评论