#PSFE $PSFE PaySafe is a safe place to put your moneyThis company is trading at a ridiculous price to sales. Finviz says 4.28, in an industry that has multiple companies trading at 30+. This stock is cheap, trading below a gap, and, is in a great industry, sports gambling. It has acquired new companies this year in South America, and is set to globally fleece degenerates who want to punt their money for the next few decades. If this stock merely went to the industry average of Price to sales, we would see this stock trading over 20$, and I think we will in the near future. Look at the volume profile on the right, if you buy now you are getting this stock at a better price than 95% of the people who own it, the only possible reason this would go down from here(IMO) is someone just giving up and punting their shares(capitulation) or flat our manipulation(and if someone is manipulating this stock, its bc they want to acquire it). Everything about this stock screams buy, but most people will wait until its at all time highs to even put it on their radar because the average investor resembles Corky. Not financial advice, Snowflake buyers get real financial advice.
PSFE trade ideas
Paysafe Limited LONG positionPaysafe Limited is an integrated payments platform. The company enables businesses and consumers to connect and transact in payment processing, digital wallet, and online cash solutions.
A decreasing trend of Paysafe can be seen since January. As we can see, there is a bullish confirmation indicated by MACD. Moreover, RSI shows an increasing movement. The price of stock hit a lower boundary of Keltner channel. Therefore, long position is recommended.
Position: LONG
Stop-loss: $ 8.6
Entry range: $ 8.79- $ 9.37
Target I: $ 10.62
Target II: $ 12.27
Target III: $ 13.96
NO FINANCIAL ADVICE
PSFE [Long]Paysafe Limited appears to be taking step 1 in a series of steps it must take to reverse the long downtrend it has been in most of the year.
The price is currently battling at the .236 fibonacci area from the previous swing high around $13. If bulls cannot hold above the .236 of this swing, then that means much more downside is likely.
Keep in mind, that when you have capitulation below the .236 followed by a run up back ABOVE it, it is usually very difficult for bears to force price action back below it and sustain it for long. In otherwords, breaking back above the .236 is the point of no return for bears.
An area I am most often a fan of for placing large position longs, PSFE currently above the .236 fib may be the setup many traders have been waiting on.
If this trade is taken, stop losses just below $10.63 would be advised ($10.58, $10.55, etc.)
another recent IPO? the usually dont end well :Svery nice downtrend channel that confirms this still is still in a bearish wavem decent risk reward if we add puts here with stop loss around 11, look for a dump to 8.8-9.5 in short term. do not forget to secure profits where you see them. you guys know how i feel about recent IPOs, 80% of the time or more they pump at the start and the go bearish for a long time, months to years. I prefer to go long on more established and bigger companies. but this is just my personal preference. good luck! like and follow for more <3
PSFE Harmonics: Long-Haul Easy Trade!Please see details in the chart for the entry price on PSFE. Exit prices are the 0.382 and 0.618 retracement levels. Don't buy yet, it looks like it's heading to 8 dollars by around September-November. Easy money at that point, just a matter of waiting. Good luck, trade safely, and let's make that money!
Paysafe Falling WedgePaysafe is relatively new to the public market after being SPAC'd public end of March.
This company has been around for a while now as a private company and at one point was a public firm.
I like this stock, has a few big names as clients: $COIN, $RBLX, $DKNG
I think it'll be a slow burn, so I hold shares.
Falling Wedge pattern with earnings report May 11th.
You could wait until after earnings to see how it is, but I think we'll see a breakout of this pattern due to earnings.
By the way, if you have information about $PSFE, feel free to comment.
PSFE BFT SPAC Merger 50% gain extremely Undervalued READ!! Not financial advice
But extremely Undervalued company.
Can see a 50% gain from here relatively easy
Merged with BFT Foley Transimene Acquisition Corp 2.
74 million warrants in the money at 11.50-bullish
23x EV-EBITDA- Bullish
1.48Take rate (revenue earned from total transaction volume) Bullish
A similar and comparable company Nuvei(NUVCF)
Has a 35x EV-EBITDA Bullish
All signs point to this being a 20+ stock easily and even 25.00.
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