STNE more room to fall; entry 17.17 - 20.39; PT 23.41 29.10 35.2

18 nov 2021STNE has had a very rough year, more so than many Brazilian stocks. PAGS has been choppy but is still profitable earnings wise, and seems to be in the lead. I have a position in PAGS, and I'm now looking to enter a position on STNE. Strong supports at 17.17 and 20.39; will DCA into shares slowly as I wait for a reversal candle on the daily (confirmation of buy pressure), and accumulate up to 20.39. Potential in short term for 23.41, longer for 35+. Don't know if it will ever kiss 80+ again, but it seems like a low risk to high reward as oversold as the RSI currently is. Wait for sell volume taper, enter, and hold to your targets.

Not financial advice, good luck out there.