#GPN i recently made and uploaded a video on GPN discussing how this company has had solid earnings and even established a partnership with PYPL to start accepting crypto currencies as payment, aside from the fact it's a global processor for credit and debit cards it has a SAAS service it provides for business owners as well. All in All i feel this play has been dramatically run down looking at the chart you can see a long standing support line which dates back years it has recently broken through potentially being a false break, i would never advocate anyone buying into a falling knife nor would i give anyone that kind of financial advice but i do see that when this play starts to get some volume and interest will be a great opportunity to make some nice profits i am bullish on this play long term it's literally all about finding a floor and it starting to climb out of this downtrend still makes for a good one to add to a watch list.
Thank you for your idea. I had this stock on my watchlist since long ago, but never traded it (did eeft instead). I am looking more precisely now especially after having read on tipranks about Ray Dalio adding it in his portfolio in Q3. I wonder would you find it making sense to bottom at around 119 i.e. fibo 1 and local support of covid downturn shock march 20? thanks in advance!
Stock_Hustle21
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@mike_volk, Hey brother thank you for and foremost for taking the time to read my post, i actually made a video on GPN and talked about how i felt it was EXTREMELY under valued especially being i have first hand experience working with them back in the day their merchant services is a literally monster segment of their business, i read about Ray Dalio as well and that hard sparked my interest as well but tbh the fact they are a global player in the CC, Debit card space and have very few competitors to compete against was a big thing for me alone that support line it recently broke through dated back as far as 2014 the next area of support i think is around $105 which was set back with Covid but in the end wha i'm watching for i literally have alerts every 5 and 10 dollar breaks head up starting at $135 bc i feel when it turns around its going to make a massive push to the top side i think another thing that is being weighed is inflation and the market predicting less people spending money due to it i guess time will tell but this will most certainly make some lucky people some money if they are lucky to catch it calls are extremely cheap too i even though about added some Jan 2023 calls but i have elected to wait and be patient instead lol