Golden Cross after Q3 ERBeautiful setup for long play. Golden Cross on daily after Q3 results exceeds mngt guidance.
STOC31 trade ideas
STNE StoneCo Ltd Options Ahead of EarningsLooking 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.
STNE LONGTrend line is going down since 17 feb. 2021. Here we are at a turning point. If it manages to exceed the line, I expect the price I stated in first stage. It is just a note to myself.
All set for a pump here?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.
Stone co critical level to watch.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 to start building a position
Looks positive but global market could have a negative effektI 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.
StoneCo (STNE) following exactly: Wall street Cheat sheet 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).
ritholtz.com
Learning every day.
Trade safe, take care and enjoy the ride.
StoneCo (4H) - short term Bullcase // could it fill the GAP ?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.:
- You can see there is a GAP around 27-29usd which is around 0.238 retracement. (possible 140% gains).
Fundamentals:
-- there is huge risk, as it is Emerging market in Brazil.
- A lot of competitors(like NU bank) with much bigger backing (Berkshoire invested in both, also Softbank, ...)
++ StoneCo grow very fast in terms of AMU and revenue.
+/- management hired some advisors which could help to restruturalize business (and also increase expenses :( )...
+/- Stone aquired some businesses which was very good step, but I really dont understand why they bought stake in Banco inter (AT THE TOP !!) = seriously guys, they should consider hiring at least average trader / Technical analyst for this kind of aquisitions / investments...
+/- stock price correlates highly with other Groth/tech stocks (check my Fintech/ecommerce analysis ... seems like Stoneco correlates more with Chines market than SaP).
So fundamentally its 50/50 and depending on many variables = long term it could be nice investment if you are willing going to the moon or to zero....
Right now I´m not willing take so big risk to hold it forever, so my target is around 28 usd. if we form wave C of correction UP, I will sell everything and watch from side.
Take care, strade safe and enjoy the ride. ;)
LONG ON $STNE$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 bullish
if the next earnings turn positive this stock definitely can rally
Advisably, use entry with a small position first and wait for the trend build-up. Like 50,100 EMA crossover
**Not financial advice**
$STNE - 3/18/22 Volume to Big to Ignore?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 follows volume."
I wouldn't recommend weekly options for this trade, but long common shares. It may take time to develop.
As always, do your due diligence before making any investment decisions.
STNE backed by Buffett, names executive from JPMorgan ChaseSTNE StoneCo is a Brazilian payment-technology firm backed by Warren Buffett’s Berkshire Hathaway.
STNE is down 90% from the peak they hit in February 2021.
After another earnings miss, StoneCo named new senior managers one of them being the head of treasury, Diego Salgado, a former JPMorgan Chase & Co. director for Latin America debt capital markets.
My take profit area is between 15.60 and 19 usd.
STNEgoing to be constantly mistaken for stoneisland the fire flames streetware brand so were fundamentally long here. price targets marked
STNE more deal findingNeed to do some DD on this. Berkshire continues to own 10 million shares as of 9/30, reported 11/15. Next report date would be Feb. 15th. I'm a big fan of Brazilian companies, I know there's "political risk" in Brazil, kind of like China, but it's overblown IMO.
Looking at a bottom around 14-15, noticing higher lows, now just need to see prices higher than 21 for a confirmed uptrend. Note that 21 is 50% more than 14; this is probably why I'm into bottom fishing, I don't want to miss a big price rise, in exchange for a lower win rate.
Trade this however you want, I have no position yet, just posting for interest.
StoneCo is coming back ....I remembered covering this stock last year when a follower asked me about it. Wow, the drop from its peak of over 90 dollars to current price of less than 20 dollars (70 dollars drop) is a BIG move southwards !
Fundamental wise, the company is still registering strong growth despite the inflationary pressure in its country. Technical chart wise, I think the risk or downside is limited as it has hit bottom at its current share price. The upside is HUGE for those who has the patience to wait out ........
Stoneco (1D) - Still overpriced ? Approaching Buy zone Hi Traders,
This time I will share my thoughts about Stone.co (STNE) - which seems like very nice company ... a.k.a enhanced copy of Square in Brazil with some features and merged subcompanies (which they bought).
Fundamentally I really like the company. Also both Waren Buffet and Cathie Wood owns this stock.
But is it still overpriced ? P/E is currently around 47. (With assumed Earnings for 3Q21 - End of November 21).
So price can still go down a lot for +- 1 month...
And here is my investment / trading plan according to Elliot wave analysis: Price is forming most likely last impulsive wave down - With target around 20-25 USD = Ideal buy zone.
Wait for 1D / 8H / 4H RSI Konvergence.
Do your own research and trade safe with stop loss. ;)
Enjoy the game.
STNESQ of latin america. Took major hit in last quarter due to ~700 Mn write off. Strong support. Now expecting reversal from this point.
Potential upside before major pull back is ~153%.
Finally Cheap Enough To Maybe NibbleThis might be cheap enough to finally take a nibble. 8x fcf, growing revs at 40% YoY. Everyone worried about margins compressing but demos are good and market opp is big if they can improve execution, which on a probability basis, they can. Going to start nibbling long to track & I'll add once it gets some momentum.
The stock is definitely a trap, but I'm okay walking into it at this point. I think everyone who wants to sell has probably sold.
Livermore Cylinder, $STNEThis looks very similar to what I have seen in a few growth stocks in the past and a very highly conserved pattern known as the Livermore Cyclinder - Graphic attached.
STNE more room to fall; entry 17.17 - 20.39; PT 23.41 29.10 35.2STNE has had a very rough year, more so than many Brazilian stocks. PAGS has been choppy but is still profitable earnings wise, and seems to be in the lead. I have a position in PAGS, and I'm now looking to enter a position on STNE. Strong supports at 17.17 and 20.39; will DCA into shares slowly as I wait for a reversal candle on the daily (confirmation of buy pressure), and accumulate up to 20.39. Potential in short term for 23.41, longer for 35+. Don't know if it will ever kiss 80+ again, but it seems like a low risk to high reward as oversold as the RSI currently is. Wait for sell volume taper, enter, and hold to your targets.
Not financial advice, good luck out there.
Berkshire + Ark agreement on Brazil FinTech FundamentalOne year ago I saw this company was trading at premium multiple due excellent revenue growth and it has been profitable since it is still small market cap.
today , crisis in Brazil send this stock back to where it was 1 year ago.
I think the problem is short term and able to solve.
Soon investors are going to forget what happened in the past.
Long here at market cap 9B is less risk
Revenue , conservative assumption when it is all recovered , should be around 800~1B$.
you can imagine NPM 30-35% is doable from loan business. The interest rate in Brazil is skyrocket , this company help sellers reach to cheaper source of fund and get small businesses digitized.
Underserved group in Brazil is quite large.
Government seems to be harmless compared to China.
Safer Bet Here
@ 11 Nov 2021
Let's see what happen in next year
Good Luck !
