STNE ON A WAVESTNE on top touched the 60$
9 days until the earnings day
this is not advice
just an idea
STNE trade ideas
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.
C&HCup and Handle Patterns are valid only when price closes over break out level
Stop under mid cup perhaps due to market volatility.
Not a recommendation
Breakout after squeezeStoploss of 38.2
Target 45
Ascending triangle
Risk reward ratio of 1:2
NASDAQ:STNE
The announcement for STONECO LTD Hey investors, STONECO LTD gives a sign of purchase following buyers' refusals, it is quite possible that we will break the trend support to go up to fill the gap before and seek higher.
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watch this support line closely to long If 28.35 fails to hold, then I would not want to buy.
For those WB's fans, you might want to read up more on this company here .
StoneCo Ltd. Channel trade StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale. The company was founded on March 11, 2014 and is headquartered in São Paulo, Brazil
STNE has a buy zone of $20.85STNE will go down to 20.85 that's where you want to buy it. After that I would sell it at 25.5. STNE is neither overbought nor oversold which is a good thing.
STNE is on the road to successSTNE is in a current uptrend since hitting the support and once it pasts the 200 day moving average it is going up even more till it hits the resistance.
Analyze STNE 07/05/2020STNE, improving the country by opening up the economy, it may well gain a breather, targeting 50% fibonacci.
StoneCo $STNEDouble bottom is forming for #StoneCo if it holds above $28.22. #RSI is already above the resistance.
