Daily BriefsTMT/Internet

Daily Brief TMT/Internet: Paypal Holdings and more

In today’s briefing:

  • PayPal Holdings Inc (PYPL US): TSS < 10 - New Multi-Month Low Risks Imminent Failure and Reversal

PayPal Holdings Inc (PYPL US): TSS < 10 - New Multi-Month Low Risks Imminent Failure and Reversal

By David Coloretti, CMT

  • PYPL US has declined 32% in the August to December period.
  • Our proprietary TSS methodology deems the interim downtrend to be exhausted (Trend Sustainability Score < 10).
  • Thursday’s new multi-month low (NY close at 69.77) has a high probability of being unsustainable and triggering an upward correction of minimum 8% to 13% in the coming 1-2 weeks.

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