PagSegura (PAGS) is a Buy on the Dip
Updated
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.
Comment
Conservative investor might want to wait for a breakout above $30, but I think an initial tranche on this dip makes sense. Long @ $27.50.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.