PayPal returns higher - Analysis - 17-10-2018

PayPal Holdings' stock returned higher in the intraday levels, while still hurt by a negative pattern that formed in the short term, the Rising Wedge pattern, with negative pressure from the 50-day SMA, scoring a profit of 4.38% in the last session, or 3.38 points, amid attempts to recoup some past losses, while venting off oversold saturation in the RSI. 

Therefore we expect the stock to return lower, especially if it settled back below 79.39, targeting thereafter the support of 71.63. 

Expected trend for today: Likely Bearish