Software for finance $PAY Long
Paymentus Holdings, Inc.NYSE
Description
⋅ Paymentus Holdings provides a cloud-based platform for electronic billings like utilities, taxes, insurance and others.
The bullish divergence with the ROC was signaling a change of character for the stock.
Now is forming a second base withing its confirmed uptrend; my favorite setup, and the risk/reward looks good.
I'll use this week's gap up has support zone to place my stop and my target profit is near the lext resistence level at $22.50, that's a 30% move.
The financial sector AMEX:XLF, is the 4th best sector this month and technology AMEX:XLK is the 1st.
Paymentus Holdings earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group.
dLocal NASDAQ:DLO is the No. 1-ranked stock within the group.