StoneCo Ltd. The Square Of Brazil – Part 2

I last talked about StoneCo Ltd. one month ago and how they were the Paypal/Square of Brazil providing financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

StoneCo Ltd. The Square Of Brazil

StoneCo, recently went public last October and so I thought StoneCo was just getting started, suggesting to go long at $31, but the stock price broke the 4 hr demand zone at $31, which prompted me to dug into the matter a bit more.

In this case, the plunge appears to be triggered by a move from a

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