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PayPal Holdings Inc. (PYPL) “On a long-term technical basis, the stock (PYPL) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 111.44 suggesting the next support level is at 104.42. This weakness suggests the long-term trend is turning neutral.
The stock has support at 104.42 and 97.40. If the stock breaks down through support at 104.42 then it will probably continue lower to 97.40. The stock will meet resistance at 105.35 and 111.44. If the stock breaks up through resistance at 105.35 then it will probably continue higher to 111.44. The 200-day moving average is at 103.78. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (33.84).”
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