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.
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.
Note
Still waiting for best entry price around 25-21 USD. 30/11/2021 Will be release of Earnings report for 3Q21 so still a lot of time to do your Homework and research for this company ;)
Trade active
Still waiting for the DIP to finish last wave... end of the month is coming ;) Note
Still WAITING :) Looks like Earnings report was not as good as expected. (EPS decreased)
This fits into my EW count for one more subwave down to finish wave (v) of C corrective wave.
Note
Target is around 22.11 for Wave (v) of C to reach 1:1 Extension of (i). TO get into position I will wait probably take 23-25 usd as entry point.
Trade active
Note
Hello Folks / Traders, Investors and BagHodlers.Im coming with simple Idea after studying deep into Earnings report of StoneCo.
You probably know STNE did several investments, one of them into Banco Inter (5% of total shares).
-Banco Inter sinked deeply this Q3/21 in price (60% drop).
- Good news are, Banco Inter ould reach the Rock bottom around 10.5-8.5 USD/Share in next days/weeks.
- this could be reverse signal for STNE share price.
Another important remarks:
- Fundamentally STNE is growing in about 60-80% a Year in revenue and customers.
- RIght now is even cheaper then Post-ICO price where Warren Buffet bought his shares.
- If we dip a little bit down more we could reach around 12 - 7 USD (+uick spike and reverse).
If you really belive this company and understand combination of TA + FA then be ready for final dip. :D
Banco Inter(1D chart):
Note
More detailed Elliot Wave count: We are most likely finishing wave (3) of v of C. So one more dip / leg down and we are done. All weak hands are shaked-off. :D
Note
time to DCA last moves down. (Fingers crossed)
Trade safe and stay Green ;)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.