ashainp

Splitit ready yet to take over the IPO high? 2+

Long
ASX:SPT   SPLITIT PAYMENTS LTD
The high that was created by the hype during its IPO is ready to get taken over by the hype that's created from a cashless society.

TA,
- MACD daily golden cross
- MACD volume increasing
- Demand volume increasing
- Broke out of bullish pennant
- Bullish Moving averages

Hoping for some consolidation at this level due to 2 massive supply tails at 1.915.
Watch for the break of 1.915 and 2.00

FA,
- BNPL hype
- Pent up demand over the weekend. No, really that's a thing now. People hate weekends cause the casino is only open from Monday-Friday.
- Visa, Mastercard, Stripe partnerships
- Founder Brad Paterson :Former VP marketing at Intuit , Director for emerging products ANZ for Visa, Head of new ventures for Paypal
- 460% revenue growth
- MSV 260% (Creating win-win situations for merchants and SPT )
- Gives the customer more options with 3,6,12,24 months unlike other BNPL's.
- Allows the use of existing credit without interest rates. Less credit risk and easier to integrate with Visa/Mastercard ?
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Comments

Thanks for your work what is your long term target do U think we can reach $10?
+2 Reply
ashainp RyanNotnagel
@RyanNotnagel, My pleasure. Out of the BNPL, this would be my pick but with the likes of paypal, square entering the space, it's hard to identify any long term moat. Personally, I prefer to trading BNPL than actually investing them. Long term, I see only 1-2 winners in this space. For investing, I stick to ARKK and ARKF.
Reply
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