PayPal (PYPL) has experienced a medium-term negative trend, losing over 80% from its 2021 highs. This downtrend developed after the formation of a Double Top chart pattern.
Currently, the price is near a key resistance area at $70 (marked as Res 1), highlighted in purple. In the past, this zone acted as support (green arrows), and more recently, it has been serving as resistance, with the price being rejected twice (red arrows).
In the short term, the stock is showing a slightly positive formation, with an ascending triangle pattern taking shape. Additionally, the price is positioned above the main Point of Control (POC), considering the entire volume history.
Bullish Scenario:
To confirm a bullish scenario, the stock needs to break above the $70 resistance area (Res 1). If successful, it could progressively reach $100 and subsequently $120. Above this level, there are inefficient zones with low volume where the stock could potentially extend further.
Bearish Scenario:
If the stock fails to break the first resistance and falls below the POC area, it could resume its downtrend, targeting the first support area around $40 in stages.
Currently, the price is near a key resistance area at $70 (marked as Res 1), highlighted in purple. In the past, this zone acted as support (green arrows), and more recently, it has been serving as resistance, with the price being rejected twice (red arrows).
In the short term, the stock is showing a slightly positive formation, with an ascending triangle pattern taking shape. Additionally, the price is positioned above the main Point of Control (POC), considering the entire volume history.
Bullish Scenario:
To confirm a bullish scenario, the stock needs to break above the $70 resistance area (Res 1). If successful, it could progressively reach $100 and subsequently $120. Above this level, there are inefficient zones with low volume where the stock could potentially extend further.
Bearish Scenario:
If the stock fails to break the first resistance and falls below the POC area, it could resume its downtrend, targeting the first support area around $40 in stages.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。