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Danesz28
Dec 5, 2023 8:27 AM

STNE - Long - Longterm Long

StoneCo Ltd.NASDAQ

Description

In my opininon STNE has a bullish moments now. It was breaking out from a long descending trend so now it's time to change direction. Its easily going through to first resistance (S/R flip) now the next one is coming. It can bounce back to support area and if doing this there is chance the to buy or DCA.

If the whole market is still green in HTF this stone easily make 40-80% I think.
On Daily Time frame the RSI is overbought so be careful to take entry. On Monthly TF the RSI is oversold.

What do you think?
Comments
thierryjersey16
been adding on each pull back 📉 , still lot to be filled yesterday closed is 🔑
thierryjersey16
great Analysis
we are getting closer to the 🧱🧱 at 18,4 on W
Cup_Noodles
good call.
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