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.
SEZL trade ideas
AX.SZLHello investors
were hopefully starting to see the bottom of the correction. in line with the opportunistic bullish count of the Nasdaq and tech indexes which are all oversold and edging to push higher. if if only a corrective wave (2)
cheers
limitlesss
No doubt, SZL is our ASX new starNo doubt, SZL is our ASX new star
Today, a fresh new financial year 2020. New start above 20 and 30 SMA!!!!!!!!
Look forward for another highest record from SZL
ASX:SZL
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.
