Friday, December 16, 2016

Paysafe Group PLC – Another Dead Cat Bounces?

Paysafe Group stock (LSE:PAYS) looks like another dead-cat-bounce scenario. Price moved sideways in June and July, rose gradually in August and September, came down gradually in October and November, and then crashed this month.

Following the crash is an upwards bounce in the market… But it has not overridden the current bearish outlook. Price is currently below the EMA 21, though the Williams’ % Range is just coming out of the oversold region, which is a normal thing.

Until price crosses the EMA 21 to the upside, Payfage Group would be a bear market.

This forecast is ended by the quote below:

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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