PayPal may rise to 72.60 - 75.10

Our pivot point stands at 60.1.

Our preference

The upside prevails as long as 60.1 is support.

Alternative scenario

The downside breakout of 60.1 would call for 56 and 53.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 61.5435 and 61.2601).

Supports and resistances

77.6 **

75.1 *

72.6 **

70.1

63.46 (USD-last)

61.7

60.1 **

56 *

53.6 **

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