dchua1969

Paper currencies may soon be outdated.....

Long
HKEX:327   PAX GLOBAL
The more countries start to use cards instead of cash, the more demand for POS terminals (where the cashier takes your credit cards and swipe into a terminal). This promotes safety and accounting efficiency for the merchants/retailers that operates the business.

I expect once the Covid-19 pandemic is over and the retail, tourism and hospitality sectors are back and roaring once more, we can expect better sales revenue for PAX Global .

However, with the emergence of E-commerce where payment is made via mobile phone, this could be its strongest competitors. (think QR codes, mobile apps, etc)

Read latest news here

From the March low, it has skyrocket its share price to more than 100% returns on 18 Aug 20 and is currently undergoing a correction. If it closes the 2nd gap and sits on the support at 3.69, I will initiate a long position.

Put this in your watch list.
Comment: do nothing, still waiting
Comment: too bad, the 2nd gap did not close, it went up 8.4% today !!!

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