Our technical view on BNPL Stocks

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Question asked 08/05/2021

Our technical view on BNPL Stocks

Hi Guys, a quick question. Where do you think the likes of APT and ZIP going in the coming weeks? Both have had decent pullbacks now both hitting on some decent Fib numbers before retreating again? 10% more to go? Your thoughts please. Br Wayne.

Answer

Hi Wayne,

At times the short term oscillation of the BNPL (Buy now pay later) space has been strongly correlated to the US tech space. MM is now bearish the NASDAQ looking for another 8-10% downside hence the read through for the likes of APT is they could easily see more downside with a test of major support ~$80 by APT a possibility. We covered the section in more depth on Friday’s AM Note – Click Here

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Afterpay (APT)

LAST UPDATED 07/05/2021 09:17

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