Australia the one time frenzy centre of BNPL has more than 13 companies listed in the sector. Once market darlings but without exception loss-making were driven by sentiment to un realistic highs.
Now they all appear to be in terminal downtrend with very muted counter trend rallies.
Zip being a case in point is unable to break out of its downtrend and targets $1 or below.
Now they all appear to be in terminal downtrend with very muted counter trend rallies.
Zip being a case in point is unable to break out of its downtrend and targets $1 or below.