It seems it broke past support

2021-08-02

$PayPal(PYPL)$ If it's not asking too much, could anyone please explain the rationale for the price action Friday? I can understand a bit of pessimistic behaviour wrt detachment from Ebay, however it still seems PayPal has a lot of popularity as a small payment platform. It seemed in the worst case it would break down with sell pressure, profit taking (if any) and moderate sell pressure, until hitting support at around 277.5, however it seems it broke past support and is hovering 275.I suppose in the long term this movement is of relevance only if one wants to further add to one's position, but nevertheless i'm curious as to the public sentiment from the latest earnings and recent price action.$PayPal(PYPL)$

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