Put my money into the BNPL sector just before it went crazy, sold at the peak Feb (oh and picked up Afterpay for $12 in March '20, did OK I think). Better prospects elsewhere. This stock is also illiquid (only 227m shares total) which can distort prices as is obvious.
For those that like pictures (@Gerrado thinking of you ), current chart with exponential moving average trendlines of 20, 40, 80, 125 days. Relationship to these in the past has been close. It has now significantly broken above these which you can hardly say is a promising sign particularly as the current plunge will start testing those levels. Notice the volumes, normally in the 500K range, up to 8 million. Lots of late entrants in at high prices desperately trying to average their holdings - which is why there remains some support now. They'll eventually tire and give it up depressing the price further.
MACD now turning and RSI way overbought signalling more price deterioration.
Market cap currently almost half a billion for a company that has no earnings probably for 5 years.
These are the facts, sorry to spoil your party. What I will say is that Dr Mo is a genius marketer cause he's created the wonderful illusion that this is a $10 company. It ain't. Everyone just thinks "ah, tech sector, must be a winner".
AXE Price at posting:
$2.26 Sentiment: Sell Disclosure: Not Held
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), current chart with exponential moving average trendlines of 20, 40, 80, 125 days. Relationship to these in the past has been close. It has now significantly broken above these which you can hardly say is a promising sign particularly as the current plunge will start testing those levels. Notice the volumes, normally in the 500K range, up to 8 million. Lots of late entrants in at high prices desperately trying to average their holdings - which is why there remains some support now. They'll eventually tire and give it up depressing the price further.
(20min delay)