StoneCo is breaking into new highs Long

StoneCo Ltd.NASDAQ

Description

⋅ Nov 9, 2020 9:49 AM

STNE is breaking into new highs. It's a little extended, but could enter hear with a reduced position size. Needs a looser stop of 15% based on the 10d ATR (x2.7). A position size of R6.65 would control risk and could add if another base forms.

Stop Loss: 15.05% (52.86)
Position Size: R6.65

Support and Resistance