PayPal Holdings, Inc.
Short

PayPal under pressure

303
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.

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