PayPal Holdings Inc shares fell 1.22%, or $3.19 per share, to close Wednesday at $259.00. The stock showed a lot of weakness since the company's latest earnings report on July 21 showed a higher sales and earnings in Q2, but, its projections for the full-year 2021 were downbeat.
The stock has violated the ascending trendline aggressively with a downward gap confirming the formation of a bearish reversal pattern on the daily timeframe. PYPL may extend its pullback hitting the pattern's target at $235.00 that corresponds to the 38.2% Fibonacci retracement level.
The stock has violated the ascending trendline aggressively with a downward gap confirming the formation of a bearish reversal pattern on the daily timeframe. PYPL may extend its pullback hitting the pattern's target at $235.00 that corresponds to the 38.2% Fibonacci retracement level.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.