Friday, February 2, 2018

Annual Forecast for Paypal (2018)

 Paypal Holdings shares (NASDAQ: PYPL) are in a bullish mode, despite the recent pullback. Price is expected to rise up again to continue the extant bullishness in the market, as the analysis below shows.

Price is essentially above the upper Trendline – even able to stay above the upper Trendline irrespective of recent pullback.

The RSI period 14 is below the level 50, but it is expected to go above that level again, as price rises further upwards.

The only scenario that can jeopardize this outlook is when price drops below the lower Trendline and the RSI stays below the level 50.

But right now, given the Bullish Confirmation Pattern in the market, the outlook on Paypal is bright for the year 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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