Paypal is making the same moves of the March 2020 Covid crash period.
If earning is in line with the analysis expectation, I see a rebounce from the current very low values.
STOP loss under $80, profit taking starts from $100
We are finally boing back to the 283-290 gap created in November, when the bad news about Ant and antitrust limitations came out. In the meanwhile, BABA posted very good results and Ant is working to reach conditions to make the IPO possible.
Chart suggests that in a few days the gap will be approached and, hopefully, filled.
Target is $315 before the end of March.
The long term growing trend will meet with the sharp retreat of the last weeks just after Christmas.
This is a major testing point. If the 253 triple tested resistance level is broken, then the fall will continue almost arriving at 200. If the resistance level is confirmed, expect a strong bounce to the next earning report on Feb 4th.
