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.
Just an update on the current hourly chart for SPT, after a positive AGM last night expecting continued gains for this BNPL pick, OBV positive, RSI looking to upside and current price maintaining 20DMA.
Splitit has shined bright this week, with double digit gains daily and a whopping 14 million dollars in shares exchanged by 2pm Tuesday 29 October following the release of the companies quarterly statement and a brand new investor presentation.
These releases coincide with the AGM being held in Sydney, Australia tomorrow evening, whilst the statements did not...
Splitit has come quite far since its explosive IPO earlier last year and its rocketing movements to $2 per share, the BNPL sector overall has seen a flurry of demand across major markets, partially due to a global lack of comparative salary growth, increased debts and easing credit regulations.
Recently major BNPL creditors like Afterpay and Z1P have come under...