PAGS in position for sweet buy
Updated
Another classical setup this time with PAGS
Young sexy bank from developing Brasillll, good Q-results and good forecasts but with one problem: too many passengers aboard ...
What to do? We need a superhero who can get reed of all them. And his name is Jorge Kuri from Morgan Stanley who says the stock is worth 6,5 USD. I personally think he does a great job and I am thankful for his famous opinion that prepared for me as well (as, I suppose, for his bank) a setup to buy into this nice asset.
Young sexy bank from developing Brasillll, good Q-results and good forecasts but with one problem: too many passengers aboard ...
What to do? We need a superhero who can get reed of all them. And his name is Jorge Kuri from Morgan Stanley who says the stock is worth 6,5 USD. I personally think he does a great job and I am thankful for his famous opinion that prepared for me as well (as, I suppose, for his bank) a setup to buy into this nice asset.
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The momentum down is out of breath, the fundamentals are nice. Without a "special substantial" help from outside the system we cant fall below the pessimistic white line as on chart.
Always manage risk.
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The seller is pushing hard while the buyer is not afraid.
They must come with some really bad news now to push down further, otherwise will be too expensive, the buyer doesn't want to give up.
The big seller should ask himself if it was a good idea at all to initiate such down manoeuvre in PAGS.
Probably end of October we go up with this baby... Let's see.
Note
This week the price reached the SL. The logic of analysis is not broken. The entry point is in good place and the position is in stock, not a derivative, so I can easily wait.
Besides, as I consider the situation we are at the bottom and if there is no hidden bad news they put on the table soon (as in Stellantis recently the MF new the situation is bad but sold their stock first before to anounce), we should rise.
Any comments - write below.
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EPS 1,15 in 2024, no dividends, rising market and strong positive outlook... and price jumps on 8$ )
We both know you must UP sooner or later, you can`t breath under water.
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