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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 broken through an important trendline at 108.83 suggesting the next level of support is 105.58. The long-term uptrend has now turned neutral.
The stock has support at 105.58 and 98.61. If the stock breaks down through support at 105.58 then it will probably continue lower to 98.61. The stock will meet resistance at 108.83 and 114.66. If the stock breaks up through resistance at 108.83 then it will probably continue higher to 114.66. The 200-day moving average is at 105.58. This will also act as support. If the stock closes below 100.95 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is neutral according to the Stochastic Indicator (51.79).”
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