Those that don't know anything about VEON, here is a (copy paste) description from Yahoo:
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services serving nine countries, which together are home to 9% of the world's population. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world's fastest-growing emerging markets.
Let 9% of the world's population metric sync in for a second....
Look at the chart and see where it was and where it is now....
It might stay in the wedge for a little longer but if it breaks out - there is a very high chance of price hitting $4 and if it gets any momentum - the chance of price getting back to $12-16 range is high.
On top of being a cell service provider (like T mobile, ATT and Verizon) it is also a payments system platform (for public transportation, parking, etc.) and its a mobile banking platform.
Aaaaand on top of it all it is also an emerging markets play.
Treat it how you want to but long term hold is a way to play this.
Consult your financial advisor first though cause pajama pants traders just click buttons and draw scribbles on charts and pretend they knwo something. This could very well go to $.50 too.
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services serving nine countries, which together are home to 9% of the world's population. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world's fastest-growing emerging markets.
Let 9% of the world's population metric sync in for a second....
Look at the chart and see where it was and where it is now....
It might stay in the wedge for a little longer but if it breaks out - there is a very high chance of price hitting $4 and if it gets any momentum - the chance of price getting back to $12-16 range is high.
On top of being a cell service provider (like T mobile, ATT and Verizon) it is also a payments system platform (for public transportation, parking, etc.) and its a mobile banking platform.
Aaaaand on top of it all it is also an emerging markets play.
Treat it how you want to but long term hold is a way to play this.
Consult your financial advisor first though cause pajama pants traders just click buttons and draw scribbles on charts and pretend they knwo something. This could very well go to $.50 too.
