$DLO momentum playentry exact $66.83. A payment processing stock, $SQ wannabes in Uruquay. Mentioned by some twitters trader.
DLO trade ideas
DLO BUY/LONG INCOMING BUY ENTRY! 41.53 to 65.10 BY END AUG 2021 TICKER CODE: DLO
Company Name: DLOCAL LIMITED
Industry: Technology Services Packaged Software DLO
Position Proposed: BUY
FOMO BUY ENTRY: NOT READY (48.88)
NEXT BUY ENTRY: (41.53)
1st Partial Take Profit: 53.70 (August 2021)
2nd Partial Take Profit: 65.10 (August 2021)
Stop Loss: 33.25
Technical Analysis
1. Bullish Flag Pattern
2. 1st Partial Take Profit is at structure level
3 2nd Partial Take Profit is at Fibonacci Extension Level 1.0
4. 2nd Partial Take Profit is at full pole length of Bullish Flag
5. Stochastic Overbought soon
$DLO Possible bounce from bottom of the rangeI got a starter position with stop below todays low. Since this is an IPO, potential for higher prices are high
DLocal has the Potential for GrowthHello and Welcome! In the month after the IPO, the shares of the fintech company DLocal formed three waves and are now in correction. I assume that the current correction represents the fourth wave. Let me remind you that DLocal operates in emerging markets by processing online payments.
I currently have two points where wave can be completed.
wave ((iv)) = 0.382 wave ((i)) ~ 45.76
wave ((iv)) = 0.500 wave ((i)) ~ 42.73
I do not exclude an alternative scenario in which the current decline is the second wave in the third wave.
DLocal - Great Growth Opportunity! ⭐-PE ratio (0.6x) is below the US market (19x)
-Earnings are forecast to grow 46.67% per year
-Earnings grew by 137.8% over the past year
