PayPal seems like it's continuing on its upward trajectory, with its shares now trading at around $80.36 a share having broken above the resistance of $78.78 at the end of September. We can see the price reached a high of $81.46 before some profit-taking occurred, however, the bullish momentum still seems present since. The resistance in focus is now the level of $81.46, a move above it will shift the attention towards the area of $88.62-$93.48 (yellow channel - next area of true resistance). The previous area of resistance (red channel) should now act as support here in the near term, with the possibility that the stock may retest this area for breakout confirmation before possibly moving higher. Though it’s not guaranteed that it will do so and could simply continue higher. On the other hand, with earnings season being the primary focus for PayPal, the upside could be limited in the near term. A decline below the support area of $76.93-$78.78 would not immediately indicate that further downside is likely as there is additionally support at $67.15. Looking at the technical indicators, the MACD and RSI most definitely suggest that bullish momentum is present. The MACD remains on a strong rising angle and the RSI reads 69. However, the RSI is almost within ‘overbought’ territory, which may lead to some profit-taking ahead of the earnings.