TFP (Tak Fly Pun?) At Least Not YetOlympic 2020 has just ended today, so lets have a fun with the title for this weeks analysis.
TFP (actually stands for "elecommunications, FinTech, and App Platform") such a long name. "Tak Fly Pun?" means not yet fly yet?
Analysis
1. Starting forming a uptrend with a cup and handle pattern.
2. Volume start to kick in after forming the cup bottom.
Disclaimer
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
TFP
TFP Emerging Fintech Player 1 May 2021My 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.
Disclaimer
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