Annual Forecast for PayPal Holdings (2022)
By
Azeez Mustapha
PUBLISHED:
12 Mar 2022 @ 11:46
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More info about Azeez Mustapha
PayPal Holdings Inc. shares (NASDAQ:PYPL) are very weak now. The weakness has been going on for some time as the markets remain bearish, now over 6 months.
4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.
All the EMAs are trending downwards and that has been happening for several months. Price is currently below the EMA 10, showing how significant the weakness in the market is. While there may be short-lived bounces towards the EMAs 20, and 50, those should pose opportunities to sell short at higher prices.
The outlook on PYPL is bearish for this year and the price can easily reach the support zones at 90.00, 80.00, and 70.00.
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