STNE - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NASDAQ:STNE breaks up the Daily Resistance line at $65.50 (with a WHOLE DAILY Candle) !!
STNE
Stocks to Watch 12/06/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 30 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
STNE breakout imminentSTNE is close to the end of the current consolidation:
1. Price range getting tighter.
2. Volume has been dwindling.
3. RSI is breaking out of 21 MA.
Watch for the following confirmation for entry signal:
1. Price break out of the 55.5 level
2. Volume increase.
StoneCo $STNEDouble bottom is forming for #StoneCo if it holds above $28.22. #RSI is already above the resistance.
Stoneco Ltd is hitting the rock !A follower wanted me to do a chart analysis on this. Here you go :
1. Weekly bullish trend is broken down
2. Daily bearish trend remains intact
3. 4H chart price action bearish
Would I trade this ?
Unlikely ! Why ? Thanks for asking , haha.
1. Rules - Sell high , buy low.
Are we at the high point or low point ? The answer is low point. That means you have about 5 dollars more to go before it revisit the bottom on 24 Dec 18. Thereafter, the possibility of a rebound is there and that will eats into your entire 5 dollars profits. Therefore, from a risk/reward ratio, would you want to take this trade ?
You have to make your own decision as every trader has different reasons to take on a trade, like I am with Ten Cents and a few others.
Trade safely, my friend !
StoneCO $STNEAfter such a huge drop needs to correct upward. Double bottom and positive divergence on 2 hourly chart. needs break out $26.39
STNE 1D ASCENDING TRIANGLE LONG BREAKOUT TRADEAscending Triangles are repeatable trading chart patterns.
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Ascending patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
$STNE Breaks Out Of Its Wedge$STNE is set to keep climbing after breaking out to the upside on Friday. The company delivered strong Q3 results and $BRK-B has a 7.9% stake in the company. Here are the highlights:
StoneCo (NASDAQ:STNE) Q3 total revenue and income of R$671.1M (US$159M) jumped 60% from the year-ago quarter.
Q3 adjusted net income of R$201.9M rose 126% Y/Y.
Q3 adjusted net margin of 30.1%, up 8.5 basis points from a year ago.
Total payment volume of R$32.6B rose 50% Y/Y.
Total active clients reached 428,900, up 83% Y/Y; net addition of active clients was 68,700.
Q3 take rate of 1.91% increased from 1.85% in Q2.
Guggenheim Securities analyst Jeff Cantwell raises price target to $42 from $38; maintains buy rating.
Contrasts with Quant rating of Neutral; Sell-Side average rating is Bullish (5 Very Bullish, 3 Bullish, 6 Neutral, 2 Very Bearish) with average price target of $36.98.
StoneCo Ltd. provides financial technology solutions that empower merchants 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 of December 31, 2018, the company served approximately 267,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 108 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2000 and is headquartered in São Paulo, Brazil.
As always, use protective stops and trade with caution.
Good luck to all!
STNE price going up with weekly trend lineSTNE price going up with weekly trend line. Possibly buy. wait for retracement. I also watching this one.
If you like $75 STNE Coladas, and gettin caught in Buffett rain.Oh boy... So i will try my best not to expose my crypto bias. NASDAQ:STNE
1. Warren Buffett’s crypto payment app that IPO’d late 2018.
2. My crazy Brazilian ex gf (who was a sergeant police officer in Brazil) tells me more & more people are using StoneCo app because no one trusts the Brazilian Real currency anymore due to all the corruption and weakening.
3. Bitcoin is up almost 300% year to date, though the crazy ex said everyone’s using litecoin mostly w the app.
4. It’s Warren Buffett’s baby. Oddly, WB has been very outspoken about his position on Bitcoin.
5. FACTS: The current wall street average price target is $42. that alone should be enough said.
6 . WB, Jeff Bezos of AMZN, and Jamie Dimon of JPMorgan have already announced a new “Uber-field” healthcare company (recently name “Halo”) that will redefine health care as we know it. It will allow people to go on their phone and request a doctor like they go on Uber to request a taxi, only the dollars they use will be meshed w their medical records... Game over for overcharging hospitals and greedy health insurance companies.
7. China trade war friendly. A GREAT way to bypass the tariffs is use crypto payment app.
Target is $75, the end of wave 3, if my proposal that wave 2 has completed.
Call Options are:
July and October expirations.
Strike of $30, $35, $40, and the high spec money maker, $60.
STOP LOSS is fairly tight, nestled right below the 0.65 fib level at $26.25
So think, If STNE < $26.25 = BAD and sell all call options (or make sure you’re hedged below $26).
Chart Analysis - STNETouched bottomed 25.43/61.80% and this level is very important level for supporting.
Stne ShortSTNE
position open $34.40
Stoploss $34.75
profit taking : $ 32.50
This is a new company, ipo last year.
similar to SQ/Pypl for merchants.
They have earning coming up tomorrow AH.
There's no doubt that this company will grow but I think they overestimated earning this quarter and find it hard for them to beat estimates.
I'd love to see a real pull back to $27.62 if i were to take a shot at investing them.
STONE.CO , Earnings Due Monday after Trading Hours Looks like a textbook 5th wave to me. I am gonna go long at $32.50 and average down if it dips a bit at opening. With earnings on monday after market closing, who knows what this bad boy can do ! Lets see what it does tomorrow and that will give us more insight to what the earnings should do ....with good earnings id expect a gap up to around $39.20 monday night. For now tho , targets posted .
