StoneCo Ltd.
Long

STNE on Watch

53
Looking to buy a breakout above $15.45 (.618 fib level)

Why:
  1. Uptrend
  2. Strong green close on Friday with high volume
  3. Low volume on the pull back, June 25 & June 26


Stop is below 15.24 which is the .382 fib which almost lines up with the high on June 17.

Target is around $16.26 which is just under 1.618 fib level

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