PayPal: the decline holds, but the technical picture grows mixed

PayPal is at the 4th week of a sell signal, with the trade up 6.49% from entry. The latest week closed slightly higher (+0.6%), a brief recovery after the 7.7% drop the prior week. The picture is mixed: CMF remains in distribution and MACD continues deteriorating, but a double bottom is forming on the daily chart in the 41 area. Those already short are monitoring the setup closely.