Visa

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

Kelwin & Roy Visa , , ,
7th December, 2021, 6:01 PM

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 7th Dec 2021

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)

Mastercard 7th Dec 2021

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)

Visa 7th Dec 2021

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

Visa (V) – [ Nearing The Bottom? Time To Get In?

Kelwin & Roy Visa ,
18th November, 2021, 7:57 PM

Visa (V) – [ Nearing The Bottom? Time To Get In?

Visa don’t really need much introduction as most of us would probably own a credit card/debit card under the payment service of Visa or Mastercard. It is considered an Oligopoly as these two are the biggest in the payment technology space. Visa being the biggest. If you actually remember this picture and commercial then you’re probably from my era. Haha!

As the world adopts towards the Global electronic payments, the demand for Visa and Mastercard will continue to cement their growth and riding through this trend. The global digital payment market is estimated to be worth US$5 trillion. Remember that Visa is a not credit card company.

Visa has a Wide economic moat as the other competitor is Mastercard while American Express is far back and not really considered a big threat.

Lets take a look at the chart to see where Visa is now and is an entry on the cards?

Visa 18th Nov 2021

Chart source: Poems2.0 18th Nov 2021

We saw Visa having a big gap down due to news that Amazon UK customers will no longer be able to pay with credit cards issued by Visa beginning next year! What a bummer! To rub salt to the wound , Buffet has reduced his stake in Visa and Mastercard too ! But is this all doom and gloom for Visa? Or does this spell an opportunity to pick up some Visa at a lower price?

From the charts, the round  number $200 acts as a psychological support, further support at around $196 then $192 gives investors a good chance to scale into Visa. An entry of round $200-205 might be an area to consider for an investor first tranche into Visa.

There is potential for Visa as world economy continues to recover and people adapting digital payment.  Remember to clearly define your investment horizon as this is important in your investment journey.

Looking for a good entry for Visa ,are you?

Yours

Humbly

Kelwin&roy