Afterpay (ASX:APT) is a leading buy now pay later business in Australia. It allows customers to collect goods and make payments in 4 instalments over 6 weeks. Afterpay has been enjoying heavy growth over the past month. Active customers are up 80% compared to H1 FY20. With US and UK customers steadily growing, Afterpay is now progressing with their early stage investment into Asia.
- MACD line trending well above MACD (EMA) indicating a buy signal
- Repeated three white soldier patterns indicating buy signals
- Continued uptrend over the past month
- Beware of forming double top pattern, look to push past $120 price to avoid this
Red/Yellow – MACD
Blue – MACD (EMA)
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