Paypal Inc. Technical Short
The share trades just above it's 200dma, having rebounded from it's mid-October lows. At at current levels, we also have a bear flag formation that has been built, with the current level being the 5th test of the lower boundary of the channel.
Upon a break of the trend line, I am looking for a move back to the mid-October lows of 74.84, using a SL of $87.30.
Upon a break of the trend line, I am looking for a move back to the mid-October lows of 74.84, using a SL of $87.30.
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