PAGS trade ideas
PAGS AnalysisPAGS continues to fall, so far we've had a few potential times to buy, but confirmation doesn't go through and we don't get the confirmation we need to pull the trigger.
For now, we sit on our hands and wait for the sell to show it is over, then look for confirmation. One thing I've noted is divergence on the daily, by itself means nothing, but if we can get some more buy signals coming in we can start to build a case.
Zooming out to the weekly chart, we show weekly support in the $25-$30 area, which is where we will look for the turn to happen on the daily.
PAGS LongSee a potential double bottom happening here, before next move up.
**Trade at your own risk**
PAGS Bullish Bounce and Room to Run HigherThe company released early Q3 results, with total Q3 payment volume expected to jump 44.8% to R$29.4B and net income surging 42.5%-46.8% to R$330M - R$340M.
Active merchants are expected to be slightly over 5M, compared to 3.8M last year, with slightly over 300,000 new active merchants added in the quarter.
PAGSCautiously optimistic on PAGS. I will most likely end up doing an option play on PAGS next strong green day, in which I'll sell a Call Credit Spread in preparation for further downward movement. The last gap down shot us right through our upward trend line which is why I'm short term bearish on PAGS. However, I see potential support in the $36 area in which I could see a backtest of the latest major support that was broken in the $42 area. If PAGS gets rejected in the $42 area and returns downward then I see our next major support in the $31 area in which I would expect strong support and would turn bullish on PAGS.
Potential Option Trades:
I would be looking to sell 30-60 day Call Credit Spreads when PAGS enter's the $40-$42 area
**Please trade at your own risk**
PAGSEGURO DIGITAL LTD PAGS Strong UptrendThe 1HR chart showing a strong and continuous bullish trend for over a month straight, okay, I'm convinced! :-)
PAGS: Mini-MELI. Can explode just like MELI does.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.
PAGS - Long @ $31Weekly chart shows nice flat base. This $SQ of Brazil may finally be wrapping up its consolidation
PagSegura (PAGS) is a Buy on the DipNice 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.
$PAGS -- Bear Flag of Wedge?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?
