PayPal touches SMA resistance - Analysis
PayPal Holdings' stock (PYPL) rose in the intraday levels, while trying to correct the main downward trend in the medium term, touching the resistance of the 50-day SMA, with positive signals from the RSI after reaching overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the pivotal support of 68.50, provided the resistance of 89.30 holds on.
Therefore we expect the stock to return lower, targeting the pivotal support of 68.50, provided the resistance of 89.30 holds on.
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