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DivergenceSeeker
Dec 3, 2022 3:33 PM

PAGS | 6 Month Support Hit | Bounce Long

PagSeguro Digital Ltd.NYSE

Description

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth. It also offers cash-in solutions; online and in-person payment tools; and online gaming and cross-border digital services, as well as issues prepaid, credit, and cash cards. In addition, the company provides functionalities, and value-added services and features, such as purchase protection mechanisms, antifraud platform, account and business management tools, and POS app; and operates an online platform that facilitates peer-to-peer lending. Further, it is involved in processing of back-office solutions, including sales reconciliation, and gateway solutions and services, as well as the capture of credit cards with acquirers and sub acquirers. The company was founded in 2006 and is headquartered in Sao Paulo, Brazil.
Comments
rationallyirrationalkid
Really enjoying you published ideas -- I'm curious how to interpret something like this where I'm seeing the chart a few days after you posted it. Hasn't triggered the stop loss and is within the trade range but also didn't react to the 9.42 level as initially expected either. If you were looking at this now with fresh eyes would you enter with a SL set at a lower support level or wait to see if the price recaptures the 9.81 price level before entering? I'm not looking to explicitly get advise or trade this idea - jsut in general trying to understand how to potentially react to ideas that now have additional information.
DivergenceSeeker
@rationallyirrationalkid, I dollar cost average into every trade. Small amounts invested, all the way down. I don't use stop losses as much knowing big money will knock me out of the trade. But slow and steady wins the race here with D.C.A.
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