Buyers take control and push price higher to trigger the buy entry level

SPT buyers push price higher after the open to trigger the buy entry alert at 0.90 so the alert is now active. The Stop Loss Level is held at 0.79 and the current price is at 0.91. Watching now for a break into new highs through 1.00.

Original Alert 26/02/19

New Buy Entry Alert SPT

Time Frame : Daily

Sector : Software and Services/Financial Services

Key Stats : $152.3 Million Market Cap, VWAP 0.845, ASX Ranking 650, 4 Week Av Turnover $10,155,734, Current Turnover (Intraday as at time of alert) $2,319,927.

Company Overview : Splitit Payments Ltd (SPT) is a technology company providing cross-border credit card based instalment solution to businesses and retailers. The Company provides a payment service that can be fully integrated into a merchant’s payment system.

Broker Consensus : Not covered by a major broker

SPT – Splitit Payments Limited

SPT is relatively new to the ASX and has come on with a bang as price continues to find buying pressure. Its rivals are the likes of APT and Z1P and it intends taking them head on. We are now watching for a buy on a push up through 0.90 and will hold the stop loss at 0.79. If price falls down through 0.79 prior to the entry then we will re-assess the action. A recent pullback has cleared out some late buyers so we now expect to see a run up through 1.00.

Stock Code : SPT – Splitit Payments Limited

Company Website : www.splitit.com

Current Price : 0.84

New Potential Buy Entry (Trigger Level) : 0.90

Potential Sell Exit Zone (Stop Loss) : 0.79

Status : On watch for buy entry trigger