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PayPal Holdings Inc., Technical Analysis
1/16/2023 10:14 AMShares of PayPal Holdings Inc., an American debit payment processor, are correcting at 79.00.
On the daily chart, the price moves within a global corrective trend and forms a narrow downward channel with dynamic boundaries at 80.00–64.00, retreating from the year’s low of 66.20.
On the four-hour chart, the key obstacle for the upward wave is the resistance line at 80.00, the breakout of which allows the quotes to grow. However, after a reversal, the decline may continue to the year’s low of 66.20.
Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram forms rising bars in the buying zone.
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