PayPal may fall to 51.50 - 53.10

60.9 is our pivot point.

Our preference

The downside prevails as long as 60.9 is resistance.

Alternative scenario

The upside breakout of 60.9 would call for 63.6 and 65.2.

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 61.9118 and 63.2529).

Supports and resistances

65.2 **

63.6 *

60.9 **

59.8

58.03 (USD-last)

54.7

53.1 **

51.5 *

49.9 **

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