Long on PAGS?
First paper trade!
Looking at PAGS on the weekly, our big buyer stepped in on the week of 12/24/18, rested a bit starting the week of 3/25/19 but stepped back in the week of 4/15/19. Our buyer started resting a bit on 8/12/19 and a seller stepped in an started a bit of a fight. We see the buyer losing momentum until the week of 10/14/19 where the seller steps in and takes over. Our buyer steps back in on 12/9/19 and starts back up. If you move down to the daily view, looks like we have some more fighting going on with the buyer seeming to be in control. Slight pullback on 1/16/2020 which makes it look like a good time to get in on this money spot.
I see a good S&R line around 44.64 due to the activity(touches). Another good S&R line around 31.31.
I am getting in at 35.86, with my stop being at 31.31 and profit at 44.64.
Looking at PAGS on the weekly, our big buyer stepped in on the week of 12/24/18, rested a bit starting the week of 3/25/19 but stepped back in the week of 4/15/19. Our buyer started resting a bit on 8/12/19 and a seller stepped in an started a bit of a fight. We see the buyer losing momentum until the week of 10/14/19 where the seller steps in and takes over. Our buyer steps back in on 12/9/19 and starts back up. If you move down to the daily view, looks like we have some more fighting going on with the buyer seeming to be in control. Slight pullback on 1/16/2020 which makes it look like a good time to get in on this money spot.
I see a good S&R line around 44.64 due to the activity(touches). Another good S&R line around 31.31.
I am getting in at 35.86, with my stop being at 31.31 and profit at 44.64.
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