Long STNE Cup with HandleSet up is complete with a back test this morning. I will go long after market open settles. Back test gives some added protection here.
0A4H trade ideas
STONECO LTD, Buffett's bet into emerging markets.Looks very much like the sheep continue to follow the shepherd, multiple investment firms have disclosed considerable purchases of stock in NASDAQ:STNE . The company has great appeal in that it is within a high growth Fintech sector, while also based in a emerging market growth economy. When you add the Might of Warren Buffett to the company, it would explain why the company continues to attract new investors.
Technically the stock is on resistance and becoming overbought, a small pullback may be needed to break the $36.50 level.
AVERAGE ANALYSTS PRICE TARGET $29
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO N/A
SHORT INTEREST 15%
COMPANY PROFILE
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale. The company was founded on March 11, 2014 and is headquartered in São Paulo, Brazil.
If you like $75 STNE Coladas, and gettin caught in Buffett rain.Oh boy... So i will try my best not to expose my crypto bias. NASDAQ:STNE
1. Warren Buffett’s crypto payment app that IPO’d late 2018.
2. My crazy Brazilian ex gf (who was a sergeant police officer in Brazil) tells me more & more people are using StoneCo app because no one trusts the Brazilian Real currency anymore due to all the corruption and weakening.
3. Bitcoin is up almost 300% year to date, though the crazy ex said everyone’s using litecoin mostly w the app.
4. It’s Warren Buffett’s baby. Oddly, WB has been very outspoken about his position on Bitcoin.
5. FACTS: The current wall street average price target is $42. that alone should be enough said.
6 . WB, Jeff Bezos of AMZN, and Jamie Dimon of JPMorgan have already announced a new “Uber-field” healthcare company (recently name “Halo”) that will redefine health care as we know it. It will allow people to go on their phone and request a doctor like they go on Uber to request a taxi, only the dollars they use will be meshed w their medical records... Game over for overcharging hospitals and greedy health insurance companies.
7. China trade war friendly. A GREAT way to bypass the tariffs is use crypto payment app.
Target is $75, the end of wave 3, if my proposal that wave 2 has completed.
Call Options are:
July and October expirations.
Strike of $30, $35, $40, and the high spec money maker, $60.
STOP LOSS is fairly tight, nestled right below the 0.65 fib level at $26.25
So think, If STNE < $26.25 = BAD and sell all call options (or make sure you’re hedged below $26).
$STNE Short Strangle Opportunity$STNE looks like it's trying to break-out above recent resistance just under 29 (purple line). Should the stock fail again, I'd say the chances that it sits between 24 and 30 over the next couple of weeks is pretty good. So, if there's a lack of momentum to carry the stock higher, the JUL19 27.5/29 short Strangle is attractively priced and would be a good opportunity; the breakeven points for that position marked with the black lines.
STNE for a swing or a long?STNE has my interest for a swing coming into earnings. Earnings could be the catalyst for gap fill but could also dump it if the competition has hurt them. More research needed. Earning 5/19
Target 34. Hope for gap fill before earnings which would have me taking profit before earnings.
New solid base of support and confirmed daily uptrend.
Golden cross on shorter term time frames, price also using 50 and 200 as new support on short term time frames.
Looking for break of 27.60 and continuation early next week (ideally break of 27.85). This paired with bullish MacD cross on the daily would likely have me entering quarter position.
Positive analyst outlook and Buffet just got in I believe. (DYOR)
Potential good long entry also as there is massive upside potential for STNE if they are able to gain a foothold in this market. Compared to PayPal and square.
Hold rating for most analyst.
LACK OF PRICE HISTORY and 47% up on the year means extra caution.
Not trading or investing advise. Please do your own research and share your thoughts below.
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Stone co stock price analysisCompany: Stone co
Quote: $STNE
BT: $22-$24 (if we get it ) Pending how the shorts play this could bounce back quickly or slow bleed to cover, no need to catch a falling knife so hawk it if interested, tapes will tell a lot better story
ST: $32
Next Earnings Date:
Description: StoneCo Ltd. provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors. As of June 30, 2018, the company served approximately 200,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 95 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2012 and is headquartered in São Paulo, Brazil.
Short Interest:
Short Percent of Float 20.46 %
Short % Increase / Decrease 3 %
Analyst Ratings: Stock Price Target STNE
High $47.00
Median $40.00
Low $20.00
April - 05 - 19 Downgrade Citigroup Buy - Neutral
March - 21 -19 Re iterated Morgan Stanley overweight $35 - $47
Jan 15 - 19 Initiated BofA/Merrill Buy $26
Nov 19 - 18 Initiated JP Morgan Neutral $25
Tapes last week: 3/5 buying started picking up near the end of the week but rather bearish.
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$YETI $PT $STNE Share lockup expires 24/4/19 Short opportunity?Lockup expiration on the 4/23/19 on all 3 names, this provides investors a opportunity to cash in their chips which can often lead to a fantastic short opportunity. Yeti is a standout name for 2019 rewarding investors with over 100% returns on investment. It is very understandable why selling would ensue tomorrow , we will wait to see what happens and maybe pick up a long position in the name if the price has considerable correction. $PT on the other hand just looks like a disaster waiting to happen, the shorts are already in control in that stock. $STNE is a W Buffett holding and the stock has sold off Thurday 18th on announced competition from a major bank but regained some ground to find support on the .65 fib.
Stne ShortSTNE
position open $34.40
Stoploss $34.75
profit taking : $ 32.50
This is a new company, ipo last year.
similar to SQ/Pypl for merchants.
They have earning coming up tomorrow AH.
There's no doubt that this company will grow but I think they overestimated earning this quarter and find it hard for them to beat estimates.
I'd love to see a real pull back to $27.62 if i were to take a shot at investing them.
STONE.CO , Earnings Due Monday after Trading Hours Looks like a textbook 5th wave to me. I am gonna go long at $32.50 and average down if it dips a bit at opening. With earnings on monday after market closing, who knows what this bad boy can do ! Lets see what it does tomorrow and that will give us more insight to what the earnings should do ....with good earnings id expect a gap up to around $39.20 monday night. For now tho , targets posted .
Chart Pattern: Pennant Short STNENASDAQ:STNE This is my first time doing chart patterns, but I think I am on to something here. We all know that STNE is a good long stock, but due to the recent bottom, it has been even more of a buy. If we look at the chart provided below, we can see that it almost fits the Pennant chart pattern. Im thinking once earnings comes, its gonna skyrocket all the way to $36.50, and then come down a bit due to people taking profits. Again this isn't really comprehensive and its my first time doing something like this so please take it with a grain of salt. Thank you.
