Some positive words from the CEO yesterday that $PYPL was moving ahead of the guide for this quarter and the market seemed to enjoy it in the AH.
We can see on the chart that the price is moving up to the 50 Day MA now, so bulls will know that they need to convert this level next.
Overall still within this blue line range since November, we said back then it would be the 'Mother of All Battles' in this range because supply is heavy and it has been just that.
Bulls need to get $PYPL above $66.50 and holding firm for this to finally breakout of this consolidation, I will be holding.
TommyJR
2024-06-06 22:03:25 +0000 UTC