NASDAQ:PYPL   PayPal Holdings, Inc.
$PYPL tanked through the $215 support that I draw yesterday. Today was its steepest one-day slide since March 16, 2020. This is a daily chart and there's another strong support around $200 together with the weekly 100MA. Seems like this support worked today and we got a bit higher towards the close but I'm not very confident that the price is stabilized quite yet. If we break the $200 support we're headed down to low 180's, 170's and potentially even 150's where is the 200MA on weekly. There was and influx of $215 calls today but because of analyst downgrades that PYPL got, the stock seems pretty weak. I'd be careful with adding on dips and perhaps get some puts for protection.

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