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Aug 23, 2023 12:34 PM

STNE - Strong Support at $12 and potential Buy Long

StoneCo Ltd.NASDAQ

Description

Fundamental analysis:
StoneCo (NASDAQ: STNE) reported second quarter EPS of R$0.94, R$0.08 better than the analyst estimate of R$0.86. Revenue for the quarter came in at R2.95B versus the consensus estimate of R2.9B.

Technical analysis:
- The char is uptrending
- $12 area is strong support level.
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