Ascending Triangle formed and annotated with TA PT along with possible time frames using Fibonacci time series, Fib retracements and Bulkowski's pattern targets. Stone recently swung to profit on improving fundamentals Q/Q and Y/Y supported by the possibility of Brazil cutting rates in near term and coming out of recession.
At this moment STONE is still correcting in a triangle. With limited chat reference, I don't have any insight which which way it will break through. All I know is if it could break through the multiple upward resistances, that will be a solid ground and kiss good bye.
Both the chart pattern & recovering financial performance show that STNE is preparing for a parabolic move. I was wondering why this Brazilian Fintech Company, which had stunning financial performance in the previous years, nosedived from 90 to 10 in hardly one year. A decrease of almost 90% - that's scary for every investor. The reason I found is the bad...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a long and vertical decline, the bottom took the form of...
Beautiful setup for long play. Golden Cross on daily after Q3 results exceeds mngt guidance.
Looking at the STNE StoneCo Ltd options chain ahead of earnings , i would buy the $10 strike price Puts with 2022-11-18 expiration date for about $0.45 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Its sitting on weekly support line. It can jump from these levels as long as it remains above those two blue lines. Can hit $12. For long term investment, it may need more time.
Multi timeframe analysis, interesting stock here. Currently locked in a distinguished downtrend channel. Day chart is showing a breakout of falling wedge, bullish reversal however directly above is channel resistance. RSI approaching overbought levels, trading above 10SMA. Will likely see resistance around the 14.77 level, around the 8 level appears a good buy...
I think if the SPX and NDX go south again (which is in my opinion very likely) it will also influence this stock in a negative way. The last low was a lower low and the last major resistance which was a support before is not broken yet. Note: Just for fun in the markets. No financial advise, just my opinion.
Hello Traders / Investors Seems like Wall st. Cheat sheet is CORRECT. Sad for me I realized it too late and missed some profits in last weeks. Considering my DXY Elliot Wave coun, my expectation is another drop of STNE price where wave C will be 1.618 of A = Price around 5.5 USD. (Best place to buy some shares + Also watch Konvergence of RSI on 1D/1W TF). ...
yes selling it at that trend line if it gets there by april 15th then wait for it to burn down to the ground... most of these will face the same...
Hello traders (and some investors ?), As you could notice, most of high-growth and tech stocks are in bear market for last several months. While huge part of them formed abc corrective waves down. StoneCo formed impulsive wave (of 5 subwaves) DOWN =that´s not good sign because impulsive waves are never alone. So my thesis how to play this stock is this.: -...
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
$STNE is Brazilian payment technology firm backed by Warren Buffet's firm Berkshire Hathaway Inc., Despite this stock was down more than 90% however it seems that the institution is buying this stock and we can see it from the volume spike last week I personally expect some volatility in this coming week. Maybe to shake the paperhand out MACD and RSI look...
NASDAQ:STNE Volume on $STNE seems too big to ignore. AVWAP shows $30 a realistic price target. Berkshire Hathaway owned. Whether Buffett/Munger companies are good buys at low prices, or whether the market looks to Buffett/Munger on where to invest in times of uncertainty, is hard to determine. Taking this trade would be following the adage that "price...