PayPal may rise to 81.30 - 84.20

Our pivot point stands at 65.8.

Our preference

The upside prevails as long as 65.8 is support.

Alternative scenario

The downside breakout of 65.8 would call for 61.1 and 58.3.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 63.824 and 61.6769). Finally, PayPal is trading above its upper Bollinger band (standing at 71.68).

Supports and resistances

87.1 **

84.2 *

81.3 **

78.4

71.89 (USD-last)

67.6

65.8 **

61.1 *

58.3 **

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