$PYPL is pushing above the 50 Day MA in the intraday movement after a strong ecommerce report that shoppers broke the previous Black Friday weekend record and sales of Cyber Monday continue to perform well.
A lot of attention has gone towards 'Buy Now, Pay Later' and this too is expected to see all time high usage today.....these levels of spending are helping the sector today.
What I want to see from $PYPL is a hold above the 50 Day MA above $56.30, so the price action can start moving up towards our wave 3 target above $62 next.