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PayPal Holdings Inc., Technical Analysis
2/28/2023 10:07 AMThe shares of PayPal Holdings Inc., an American debit payment processor, are correcting at 74.00.
On the daily chart, the price is holding in the global corrective trend, retreating from the resistance line of the global Wedge pattern with dynamically expanding boundaries at 82.00–63.00.
On the four-hour timeframe, it can be seen that after consolidation below the local low of 76.00, which was a key reversal marker, the asset is in a full-fledged downtrend.
Technical indicators reinforce the sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO histogram forms downward bars in the sell zone.
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