Short

(ASX:EML) EML Payments Ltd

Updated

EML Payments Limited (EML, formerly Emerchants Limited) are the provider of payment solutions in Australia offering payment technology solutions for payouts, gifts, incentives and rewards, and supplier payments. EML issues mobile, virtual and physical card solutions to some of the corporate brands around the world, and manages more than 1200 programs across North America, Europe and Australia.

Already invested
Cut my loss if stock breach 61.8% Fibonacci Retracement on Weekly Closing basis.
Close watch for next.
Also, sector might face some4 challenges in sector and company focus on gift cards, probably have business impact.
Selling can intensify in coming trading sessions and god only knows where it will stop.
I am long for a while and booking loss. A loss should be treated as a business loss. Never be afraid to expect trade.

Trade closed: stop reached

Lost momentum
The financial sector will be in stress for next couple of months.
Closing trade with minimal loss.

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