Shares of PayPal Holdings Inc., an American debit payment processor, are trading at 80.00.
On the daily chart, the price is in a global corrective trend, forming an Expanding formation pattern, and is approaching the low of the year at 67.70.
On the 4-hour chart, the downward movement is developing within the next wave of the pattern, and Tuesday's low at 75.80 is the key support. In case of a reversal, growth is possible only if the resistance at 84.00 is broken.
Technical indicators gave a new sell signal: fast EMAs on the Alligator indicator crossed the signal line downwards, and the AO oscillator histogram moved into the sell zone, forming the first down bar below zero.