Expected to report an EPS of $1.23 on revenue of $7.38bn

PayPal continues to struggle as its stock price is now at the same level it was back in May 2017. Currently, its stock is trading at around $51.41 a share ahead of its earnings release tomorrow. We can see that the bearish trend persists, it would be unreliable to look at any resistance levels until some consolidation takes place. Perhaps the earnings could be the spark. The main resistance remains along the descending trendline, currently reading $64.57. A break and close above the trendline would be a strong suggestion that a bottom may have been formed and a bullish trend is likely. But of course, this would have to be analysed at the time as many factors would need to be adequately reviewed as well. Regarding the downside, the next support sits at $50.83 and then at $48.90. A break and close below $48.90 could see a slide lower towards $43-$45 a share. The technical indicators continue evidently negative with the RSI reading 33.