Solid News

PayPal Holdings Inc., Technical Analysis

8/3/2022 11:50 AM

The shares of PayPal Holdings Inc., an American debit payment processor, correct at 88.00.

On the daily chart of the asset, the price is moving above the resistance line of a wide downwards channel with dynamic boundaries of 50.00–80.00, holding at the local high of June 8 at 89.00.

On the four-hour chart, it is seen that the probability of the continuation of the upward dynamics is quite high. If the breakout of the local high occurs soon, the quotes will head towards the annual peak around 122.00.

Technical indicators confirm the high probability of growth, keeping a stable buy signal: fast EMAs on the Alligator indicator remain above the signal line, and the AO oscillator histogram forms rising bars in the buying zone.

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