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PayPal Holdings Inc., Technical Analysis

1/30/2023 10:36 AM

The shares of PayPal Holdings Inc., an American debit payment processor, are correcting at 82.00.

On the daily chart, the price is holding within the global corrective trend, trying to consolidate above the resistance line of the downward corridor with dynamic boundaries 76.00–62.00.

On the four-hour chart, the key marker of the necessary breakout was executed, and the price made a reverse test of the channel resistance line at 76.00 and consolidated above the current local high at 80.00, signaling that the potential for an upward movement has greatly increased and may intensify at any moment.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram forms upward bars in the buying zone.

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