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PayPal Holdings Inc., Technical Analysis

9/14/2022 11:40 AM

Shares of PayPal Holdings Inc., an American debit payment processor, correct at 95.00.

On the daily chart, the price is moving in a global downtrend, trying to correct, but it is still premature to talk about full-fledged growth since the quotes have not yet overcome the initial Fibonacci 23.6% correction around 125.00.

On the four-hour chart, a local correction is developing within the corridor of 89.50–102.00, the breakout of which will be a key moment for further global growth of the trading instrument.

Technical indicators reversed and gave a buy signal: fast EMAs on the Alligator indicator crossed the signal line upwards, and the AO oscillator histogram is forming rising bars in the buying zone.

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