Traders are watching this Rounding Bottom on PYPL. Inspect the chart now.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Market participants tracking PayPal should note the latest formation. The stock is trading at $45.34, up 1.59% on the day. The primary technical feature is a Bearish Flag formation. Volume is average (0.72x avg) with moderate trend strength (3.8). A potential breakout level is identified at $43.33, targeting $21.72 with support near $45.97 (R:R 8.18).
What is your outlook on PYPL?