PayPal Report Exceeded Forecasts Due To Growth In Online Sales

Paypal shows a clear uptrend. Formed a bullish flag. If it breaks through the key resistance level, then the next targets are the Fibonacci levels.

PayPal Holdings reported better-than-expected quarterly results due to increased online sales during the coronavirus quarantine, but the current quarter profit forecast disappointed analysts. The company's revenue increased by about 25% to $ 5.46 billion, beating the analyst consensus forecast of $ 5.43 billion.

A storm is brewing in the stock market until January 20. The name of this “weather phenomenon” is the US presidential election. The American economy is the largest in the world, so the world economy indirectly depends on what is happening in the United States.

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