PayPal stock (NASDAQ:PYPL) has become essentially bearish, though bulls are making attempt to push price upwards. That currently seems like an exercise in futility.
Price dropped below the lower Trendline, and bulls are unable to move it back above the lower Trendline. At the same time, the RSI period 14 is below the level 50, with potential to move to lower levels.
The market is very volatile right now, but the possibility of it going lower is higher than its possibility of going upwards. The outlook on PYPL is not very bright for this year, and price may test the demand levels at 100.00, 90.00 and 80.00.
Trading realities: Trading realities
Click Here to register for free on Investors Hub
This area of the investorshub.advfn.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of Investors Hub. Investors Hub does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at Investors Hub is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by investorshub.advfn.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
