TFP Emerging Fintech Player 1 May 2021

My Analysis

1. Forming a long term bullish flag with healthy volume spikes.
2. Washed down in the last few days. Price maintain at support region.
3. Recently, the company announces good news and the prices got sold down. (sell on news). So far they have announced multiple MOUs with business and associations.
4. Beside going into the e-wallet business, TFP is trying to build a ecosystem around e-cash involving communication call providers.
5. I noticed that in their website, they are planning to do oversea remittance using the e-wallet. Maybe this is a game changer as none of the big 3 ewallet ( TnG , Boost, Grabpay) has this feature. I am guessing that they probably will tie up with BigPay?? (since their OneCall looks to have tie-up with TuneTalk). As far as i know, BigPay should have the necessary license to do oversea remittance.

This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Comment: Broke the major uptrend line from my last analysis. A little rebound from immediate bottom. Need to see whether can move back to major uptrend line.
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