Bullish Confirmation Indications
Recent price action may have confirmed a reversal as we can see that price came down to the trendline and has since moved up.
Price has also moved out of the downtrend line (triangle) which indicates that Buyers are strong.
1. Price has been supportive at the support level of $1.00 - $1.30 zone
2. There also lies a trendline...
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.
- 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.
$SPT.ASX creeping up and the chart looks good however I think it is Overvalued
Splitit Payments Ltd (SPT) is a technology company providing cross-border credit-card based instalment solutions to businesses and retailers. Splitit enables merchants to offer their customers to pay for purchases in instalments.
Doesn't look like as good as Afterpay, ZIP and OpenPay but still BNPL market is growing, I think I can have a little investment in this one.
Also, looking at historic data it jumps pretty drastically up & down - doesn't look very stable.
I will buy and hold between $0.93 to $1.00 range.
P.S: Please note these are my own notes for future reference. By no means...
Split Payment(SPT) fell below critical support at 1.350 in yesterday's trades but bounced back in today's opening trades. Today's turnaround will only be sustainable if it holds above 1.350, else support remains at 1.180
Splitit in the Visa firing line
Splitit's BNPL service differs from that of its competitors in that it allows customers to use their existing credit limits to pay off purchases in interest-free instalments. With Splitit, there is no need for additional registrations or applications — buyers can make use of the platform through their existing credit cards.
i have a position in this stock. on monday they have a 25min webinar showcasing their FY2019 performance and objective outcomes. allow this to break the low and reverse. daily abc. This is a penny stock. volatility is to be expected. my position is at 50c. i will hold this pair to break $2.
a ballsy fucking trader.
SPT has been falling since the recent highs of 1.15. From TA point of view, the stock has broken key structure points. We may see it heading to the 0.4 levels again which would be a good point to buy more.
With some of the pressure possibly coming off ATP, SPT and other payment processors might get a bit of an association bump. SPT is up 5% today and looks like it has quite a bit of upside if it can rally. Could be worth a watch especially with the gifting season right upon us.
Splitit Ltd is an Israel-based company that offers payment solutions. It offers...
Volume proceeds price and we have seen incremental inflows for this BNPL, suggesting that there are some extremely bullish buyers lining up to take these shares from your hands.
We can see the RSI coiling for the 3rd time in the past few weeks suggesting we should see some upside today in price action, and hopefully another day close higher.