Despite heavy losses on Nasdaq and especially in payment sector, I think it is time for for oversold payment stocks to rally like SPT. Here are the reasons
1.paypal has marginally beaten the expectation
2. Meta has turned around the user base
3. Microsoft beaten the expectation.
4. amazon could be the next catalyst tonight, a lot of BNPL & E com stocks will turn back to life
5. Apple report is pivotal in the overall sentiment towards tech.
with the outbreak of omicron in China, there is a fair chance of short squeeze here. There is not much worth for shorts here.
history says that market could still rally for three months after first rates hike.
good luck to all holders!
just my opinion!
100% Upside rally loading provided...
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Last
$1.78 |
Change
-0.035(1.93%) |
Mkt cap ! $2.246B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.81 | $1.74 | $30.57M | 17.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 110725 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 29116 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |