Paper currencies may soon be outdated.....

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The more countries start to use cards instead of cash, the more demand for POS terminals (where the cashier takes your credit cards and swipe into a terminal). This promotes safety and accounting efficiency for the merchants/retailers that operates the business.

I expect once the Covid-19 pandemic is over and the retail, tourism and hospitality sectors are back and roaring once more, we can expect better sales revenue for PAX Global.

However, with the emergence of E-commerce where payment is made via mobile phone, this could be its strongest competitors. (think QR codes, mobile apps, etc)

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From the March low, it has skyrocket its share price to more than 100% returns on 18 Aug 20 and is currently undergoing a correction. If it closes the 2nd gap and sits on the support at 3.69, I will initiate a long position.

Put this in your watch list.
Komentarz
do nothing, still waiting
Komentarz
too bad, the 2nd gap did not close, it went up 8.4% today !!!
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