PayPal stock has reversed back down after it failed to hit the 81.20 resistance level, achieved on July 31. The price rebounded on the five-month low of 74.40 but the technical indicators are signaling weak upside movement. The RSI indicator was moving upwards but it now appears to be turning slightly to the downside, while the MACD oscillator remains in the negative zone and is heading higher. If price action jumps above 81.20 (immediate resistance), there is scope to test 84.14, which stands near the [..]
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