PayPal tries to recoup losses - Analysis - 12-10-2018

PayPal Holdings' stock rose amid attempts to breach some losses, while venting off oversold saturation in the RSI, scoring a profit of 0.60% in the last session, or 0.45 points, with negative pressure from the 50-day SMA, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern. 

Therefore we expect the stock to return lower, targeting the support of 71.63, as long as the resistance of 79.39 holds on. 

Expected trend for today: Likely Bearish