PayPal readies to pierce current support - Analysis - 12-10-2021

PayPal Holdings' stock (PYPL) fell 1.93% in the last session, amid the dominance of the downward correctional wave in the short term, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, and negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the support of 233.25, provided the support of 254.00 was breached.

Expected trend for today: Bearish