Here is a wave count. NICE new, all time high break out. Start doing some research on this company for a long term move.. ;-)
The 1HR chart showing a strong and continuous bullish trend for over a month straight, okay, I'm convinced! :-)
Trading in the wedge and I think this exploded to high 30's. Environment is right and can be acquired by some big name, who knows. May 17th: 32.50 calls are something I am eyeing on. Start building some position.
Weekly chart shows nice flat base. This $SQ of Brazil may finally be wrapping up its consolidation
Nice bottoming formation on the chart, higher lows, undervalued relative to U.S. counterpart Square (SQ), bullish news from Brazil that a pro-business leader could take charge.
IPO level supported price.
Pagseguro or $PAGS, the Square of Brazil, with interesting formation coming out of IPO base. Strong hedge fund interest. H&S formation with a bear flag or larger wedge formation developing?
Could see a bounce back into the 37 area, but ultimately expect lower. Might see some temporary support in the $32 range. High has been lost on the daily, so I'd be short biased unless new highs are made.