Traders are watching this Falling Wedge on PYPL. Inspect the chart now.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
A clear signal has emerged for PayPal (PYPL) on the daily chart. The stock is trading at $41.46, up 0.48% on the day. The primary technical feature is a Double Bottom formation. The trend indicator is reading 31.3/100, suggesting moderate momentum. A potential breakout level is identified at $51.7, targeting $62.74 with support near $46.18 (R:R 2.0).
What is your outlook on PYPL?