| 
June 25, 2023- Ongoing downtrend set to be challenged at $7.19 as top of an established support zone
- PayPal's upper Bollinger Band® is at $69.29 which indicates a further downward move may follow.
Chart analysis suggests $7.19 is only 2 cents away for Banco Bilbao Vizcaya Argentaria, S.A. and might put a stop to its current downtrend.
A study of American Express's historical price actions shows American Express's downtrend might be halted by its support level at $164.61, which is only $3.46 away.
A convincing break of this target could pave the way for deeper losses. Around $674.77, BlackRock can look to establish a new bullish phase beyond its 200 day Simple Moving Average. The lower Bollinger Band® of BlackRock is at $660.19.
Despite muted price action in BlackRock, chart analysis indicates it is positioned for a bullish run in the short term.
Around $67.63, PayPal can look to establish a new bullish phase beyond its 50 day Simple Moving Average. A persuasive break of this target could lead to higher losses.
Overall, looking at the technical analysis landscape, it seems PayPal —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
