Stoneco (1D) - Still overpriced ? Approaching Buy zone

2021年11月1日

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.

2021年11月7日

註釋

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 ;)

2021年11月10日

交易進行

Still waiting for the DIP to finish last wave... end of the month is coming ;)

2021年11月17日

註釋

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.

2021年11月17日

註釋

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.

2021年11月18日

交易進行

2021年11月27日

註釋

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):

2021年11月27日

註釋

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

2021年12月21日

註釋

time to DCA last moves down. (Fingers crossed)


Trade safe and stay Green ;)