$LYNX has been hit hard over the past couple of days, but it seems like we’re seeing a solid support level beginning to form at the $1.06-$1.10 range. I’ve been loving $LYNX and have been in it for a while, the stock performance has been exceptional (up nearly 1000% YTD even after the recent pullback from $1.50).
The focus on fintech and banking in the Southeast Asia region is what brought me into the company. “The World Bank data points to a lack of access to financial tools in Southeast Asia. As per the data, in Indonesia, only 49% of adults have formal bank accounts; in Cambodia, the number is 22%, and in the Philippines and Vietnam, it’s 34% and 31%, respectively.” This gives Southeast Asia a lot more potential growth compared to western countries and more developed nations such as Japan. With Southeast Asia being the fastest-growing fintech market globally, and with $LYNX moving along with acquisitions, international expansion, and improving their services in the region, I expect a far higher share price/valuation in the future.
https://finovate.com/southeast-asias-fintech-boom-all-you-need-to-know/
The recent pullback is the perfect opportunity for me to buy more shares. I’m putting in an order to hopefully pick some more up at the $1.10-$1.12 levels. Looking back at the stock’s performance this year along with the business growth, it’s a no-brainer for me.