$PayPal(PYPL)$Based on last night’s closing, there’s very low selling volume despite having the worst overall market sell off since September. 

What does this mean?

- Low institutional selling because they have already sold off previously.

- The lows of PYPL might be set, we might have a short term uptrend to hit the resistance set. 

- Higher risk/reward ratio.

Despite having great fundamentals with a fair valueof $290 and above, we should not trade based on this factor alone. The market will already price in the disruption to PYPL’s business unless they open anew revenue generating stream and increase their profitability.

Based on technical analysis and the type of selling volume we can see

- A short term price target of $212.45 is attainablebecause it is the open candle set out by the gap down previously.

- A mid term price target of $224.60 may be attainable if there are some positive news releases by the company as it closes the gap down on the dailycandle.

- Another price target would be the price set out by the 50MA.

A long term bullish price target is not favourable atthis moment as the stock has already exhibited a “Death Cross” (50MA crossing 200MA) 

Stay safe!