Category: Forex News, News
PayPal price rises alongside downward trend line – Forecast today
PayPal Holdings’ stock price (PYPL) rose in latest intraday trading as the price tries to recoup some recent losses, amid the dominance of the main downward trend in the short term, while trading alongside a highly steep trend line, with ongoing negative pressure due to trading below the 50-day SMA, couple with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect the price to return lower and target the support of $55.85, provided the resistance of $63.90 holds on.
Today’s price forecast: Bearish
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Written by : Editorial team of BIPNs
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