SZL
Are bulls in control?Not very confident with today's 14.6% up move, are you?
definitely volume was good.
overall, BNPL sector doesn't look very attractive at the moment.
Monitoring it closely, I think it might go and touch $4.00 range.
Please note these are my own notes for my future reference, by no means a trading advise to anyone. Please do your own research before entryign into any trade.
Thanks!
SZL - Is it time to get Bullish?SZL may be giving another buying opportunity as it has bounced off for the 3rd time off its trendline. Currently it lacks momentum, but if price picks up or even consolidates at the current levels above the $6.30 zone, then we might see momentum picking up. For this scenario, the low must hold, and it could target the next Resistance level of $8.40 (potential 25% gain). Lets see how it develops in the next sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SZL - Pullback about to end soon?The recent pullback has been strong but seems it may be about to end soon. I am expecting that it may be supported on the trendline to provide a good buying opportunity and the uptrend may resume. My Buy zone is $6.80 - $7.40 range, which is the trendline and the POC of Volume Profile, where I will be observing price action and wait for it to turn around, and aim for the recent highs.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SZL.ASX_LongENTRY: 9.48
TP1: 10.34 (next HVN)
TP2: 11.84 (ATH)
SL: 8.55
- ADX>25
- RSI>70
- FFI and RS +ve
- MAs are aligned
- Breakout of down-trendline on 16-17 Dec 2020
- Breakup resistance with good volume
OpenPay (OPY) FY2021 TargetStarting to also gain momentum, after a number of really good reports, this particular stock has shown a healthy consolidation phase and is almost ready to rally. target is 10$ mid term but could extend up to 15$ depending on how the overall market performs. holding all significant support, looking to break resistance soon.
Zip Co (Z1P) FY 2021 Bull TargetsAs you can see, Zip Co have recently started gaining momentum upwards, after trading and consolidating at SPP range for a few weeks. this has been significant as it started show signs of strength that is maintained, and can continue to the rest of the year. Fundamentals are looking strong, and Technical analysis are certainly backing it up. at this current rate, I wouldn't be surprised if we reach the fib target at 20-25$ BY THE END OF THE YEAR. it held the golden .618 fib support and continued a strong rally towards ATH. I took a position at 5$ and very confident with the trade for the next 3-5 years. short term target however is 25$. long term target is 50$. if there are heavy shares buy back, expect a higher long term target.
SZL - Is it time to get Bullish?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 $5.20 level twice which is a Bullish Sign.
2. There also lies a trendline which has acted as good support
3. There also lies 200 day Moving Average trending upward and has provided Dynamic Support (Confluence)
4. Price has been failing to continue up because of the Resistance Zone of $6.80 level
5. I believe that price may come down again to give a buying opportunity and backtest the trendline and continue up
6. I will be confident to buy in the $5.80 - $6.000 region after proving some Bullish Price Action
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Afterpays next big competition ? SEZZLE INC.I have been glad to get in on this penny stock, Just after its all time low of 34c back in March, Even tho Sezzle is still in its infancy stages coming into the scene in August 2019, I think this new company definitely has a lot of potential to grow in the (BNPL) category.
The BNPL sector will be blowing up in the years to come, If the financial markets and unemployment rates keep making a downturn I dont see how people will be able to purchases the many essentials like clothing etc when their working hours have or will be cut back and well as the job losses, So the BNPL sector can help people with their upkeep of wanted items withougt the worry of paying it straight up.
Even tho we have seen a drop in price back from October 2019 till March 2020 of 87% The price has made a pretty good recovery thus far with a 493% growth from its all time low,
So very excited to see how Sezzle performs over the next year, Afterpay still sitting around $49 gives this penny stock a lot of time to grow.