VolumeSpreadAnalysis
Oct 20, 12:39 AM
$PYPL
Price:
$56.51
Volume: Above average
Catalyst: Traders digesting news of expanded Venmo-PayPal integration ahead of the next earnings report.
Resistance:
$59.50
Support:
$54.00
Bull case: A push through
$59.50 on strong volume could spark a run toward the
$62-64 range.
Bear case: Losing the
$54 support level on heavy selling opens the door to a retest of
$50.
What I'm watching: Watching for a volume-confirmed close above resistance or below support to signal the next real move.
Note: I’m not a financial advisor or a market predictor, and I don’t offer any premium subscriptions or paid services. Feel free to check out the link in my bio: @VolumeSpreadAnalysis
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