Watch for a Nuvei Corporation (TSX:NVEI) price move back towards the upper trendline of the pattern followed by a breakout
Dwight Galusha | June 23, 2021 | SmallCapPower: Nuvei Corporation (TSX:NVEI) appears to be constructing a bullish ascending triangle continuation pattern as price action bounces off the lower trendline. Watch for a price move back towards the upper trendline of the pattern followed by a breakout that would suggest a continuation of the uptrend.
Nuvei, Canada’s largest private and non-bank payment processor, helps businesses “remove payment barriers,” by optimizing operating costs and increasing acceptance rates, employing its proprietary secure technology to provide clients with direct access to all major payment programs throughout the world.
The company’s proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With supports for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way.
Nuvei currently has more than 50,000 customers, which includes gaming companies, financial services, and retailers.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
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