These Payment Service Providers Are On Our Watchlist, Are They On Yours?

With the recent pullback, these payment services took a bigger hit due to fear of reduced spending as countries goes into lockdown again. But as we find out more about Omicron, things might not be as bad as what the media has been saying. So lets dive straight into these four stocks.

Paypal (PYPL)

Paypal (PYPL) is consolidating at around the $180 level and if it manages to break the $189 level we might see a potential year end rebound to $200 then $215. It got whacked down recently due to its results but we think that this is overdone and value is emerging now. The downside might be around $175 if $180 breaks.

MasterCard (MA)

Currently rebounding from its low and off the support of around $313. $339 area is one area of resistance but we’re looking for it to break that resistance to bounce back to around $360 level. This is time to scale in as we are bullish on Mastercard. Support at $313 then $300.

Visa (V)

Rival to Mastercard, these payment services are almost an oligopoly. Visa recently broke that downtrend line and might be looking to test the $208 resistance and eventually to $216. We have covered Visa just last month and it has retraced to our $192 level which was a good area to scale in! Support at $190-192.

Square (SQ)

Square hasn’t built a base but has a nice candle closing last night, we might see a base starting to build at around $170 which is an area to scale in too. The selling has been overdone and its time to scoop us some good shares!

Yours

Humbly

Kelwin&Roy

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