stockonomy

BUY $STNE - 03.01.2021

Long
NASDAQ:STNE   StoneCo Ltd
Stockonomy Weekly Pick 03.01.2021

STNE looks to have began a new uptrend following a selloff from its strong 2020.

Price is currently in our buy zone on this pullback to key levels + StochRSI.

Any further dip into our buy zone could be considered a good trade entry.

"StoneCo Ltd. provides financial technology solutions to clients and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2019, the company served approximately 495,100 clients primarily small-and-medium-sized businesses; and 116 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2012 and is headquartered in George Town, Cayman Islands." (Yahoo Finance)

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