A little comparison of Patterns.
Comparing ZYXI and PAYS
PAYS is the new stock name of TPNL (3PEA International).
Highlight from finviz.com:
3PEA International, Inc. is a company in the card services providing prepaid card programs and processing services under the brand PaySign using their proprietary card-processing platform. It caters to corporations, government agencies, universities, and other organizations. They serve multiple services, like transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service. They opened up also their services to healthcare companies through reimbursement payments, pharmaceutical assistance, donor compensation, corporate and incentive rewards, and expense reimbursement cards; and payroll or general purpose reloadable cards, as well as gift or incentive cards. In addition, the company offers Buy and Bill programs for patients to purchase directly from physician's office or through an infusion center for physician administered therapies; payment solution for source plasma collection centers; and PaySign Premier, a demand deposit account debit card, as well as customer service center and PaySign Communications Suite services. Its principal target markets for processing services comprise prepaid card issuers, retail and private-label issuers, small third-party processors, and small and mid-size financial institutions in the United States and internationally. The company was formerly known as Paypad Inc. and changed its name to 3PEA International, Inc. in October 2006. 3PEA International, Inc. was incorporated in 1995 and is based in Henderson, Nevada.
PAYS Fundamentals
Currently, they have a strong income statement.
PAYS Charts
The records above are very impressive, now let us look at the chart.
Comparing ZYXI and PAYS
PAYS is the new stock name of TPNL (3PEA International).
Highlight from finviz.com:
3PEA International, Inc. is a company in the card services providing prepaid card programs and processing services under the brand PaySign using their proprietary card-processing platform. It caters to corporations, government agencies, universities, and other organizations. They serve multiple services, like transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service. They opened up also their services to healthcare companies through reimbursement payments, pharmaceutical assistance, donor compensation, corporate and incentive rewards, and expense reimbursement cards; and payroll or general purpose reloadable cards, as well as gift or incentive cards. In addition, the company offers Buy and Bill programs for patients to purchase directly from physician's office or through an infusion center for physician administered therapies; payment solution for source plasma collection centers; and PaySign Premier, a demand deposit account debit card, as well as customer service center and PaySign Communications Suite services. Its principal target markets for processing services comprise prepaid card issuers, retail and private-label issuers, small third-party processors, and small and mid-size financial institutions in the United States and internationally. The company was formerly known as Paypad Inc. and changed its name to 3PEA International, Inc. in October 2006. 3PEA International, Inc. was incorporated in 1995 and is based in Henderson, Nevada.
PAYS Fundamentals
Currently, they have a strong income statement.
PAYS Charts
The records above are very impressive, now let us look at the chart.
TPNL/PAYS 2 YR Chart
TPNL/PAYS 1 YR Chart
TPNL/PAYS 6 MON Chart
Notice that during the name change from TPNL to PAYS a huge hammer formed 2019/04/29 with a volume lower from previous highest red volume (see 2 blue circles on the 1 YR Chart). It looks like the stock had been on a sell off, but as you can see the red volume on that day was very small although the next day I think the weaker hands were scared and dumped their stocks, thus it created a bigger volume of sell-out but did not overtook the previous highest red volume of Sep. 21, 2018. The 50SMA (orange line) seemed to be supporting the run too.
If a stock had a very strong fundamental and exhibiting this kind of price pullback with lower volume, we can just surmised that the Market Maker is at play here shaking the tree to get rid of the weaker hands so he could offer a lower price and offer more shares to stronger hands waiting in-line to devour whatever available shares.
Comparing PAYS move to ZYXI
How will the pattern play? I guess, if we look at one example showing this kind of pattern we could probably set our play based on the sample below with ZYXI (Zynex Medical Holdings).
ZYXI 1 YR Chart with a red hammer and a long tail.
ZYXI 6 MON Chart - with a red hammer and a long tail
ZYXI 6 MON Chart (65 Days after the red hammer)
Within 30 days, probably the price will retest the low of the tail of this long tailed red hammer candle of PAYS. We are looking at around $7.55 before it will start to ramp higher. Big pocket investors would certainly seize this opportunity. It is up to us to ride the shoulders of the giants.
COULD IT BE THE NEXT SQUARE OR PAYPAL
I am just wondering that this could be a good catch at an early move just like what happened to SQ(Square) and PYPL(Paypal).
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