Review:
The share price of the U.S. payment services provider has lost more than 77% since a year ago
recorded. But does that make it a buying candidate now?
Fundametal is currently doing quite well and is also constantly striving to improve its
products to expand and improve. For example, since the end of June, a credit card for
U.S. small business owners offered to make impromptu payment obligations easier to
to be able to operate.
In addition, since the beginning of June, the long-awaited payment option with cryptocurrencies for US customers has been
which will be an advantage as the use of these currencies expands.
could.
Currently, the share price is still in a slightly falling sideways movement, but has so far
does not signal a price reversal. However, since the beginning of the year, the share price has been in a
falling wedge pattern, which is a bullish sign in the medium term.
could.
Current:
At the moment, the price has reached the upper side of the falling wedge and could either
make another correction to the bottom side. Thereby, a short opportunity could open up to below
$60.00 result.
Otherwise, the share price could fall in the short term, or in the medium term after the described
correction to break out of the triangle to the upside, which in turn opens up the possibility of a long
position can offer.
I see the next resistance for this possible rise at $95.00, so I see
longer-term price target at $90.00.
Jonas Wuttig
