Splitit has come quite far since its explosive IPO earlier last year and its rocketing movements to $2 per share, the BNPL sector overall has seen a flurry of demand across major markets, partially due to a global lack of comparative salary growth, increased debts and easing credit regulations.
Recently major BNPL creditors like Afterpay and Z1P have come under minor scrutiny from regulatory bodies and justly; investors have responded by seeking diversification of their BNPL holdings as we can clearly see from the inverse stock price correlation between Afterpay, Z1P and the new kid on the block (SPT).
Further we can see a bullish pennant forming, a presumptive inverse H&S for the days close and a paper thin book to re-test 0.92 and rally to 0.95.
Happy Trading.
Recently major BNPL creditors like Afterpay and Z1P have come under minor scrutiny from regulatory bodies and justly; investors have responded by seeking diversification of their BNPL holdings as we can clearly see from the inverse stock price correlation between Afterpay, Z1P and the new kid on the block (SPT).
Further we can see a bullish pennant forming, a presumptive inverse H&S for the days close and a paper thin book to re-test 0.92 and rally to 0.95.
Happy Trading.