jhamlin24

PagSegura (PAGS) is a Buy on the Dip

Long
jhamlin24 Updated   
NYSE:PAGS   PagSeguro Digital Ltd.
Nice bottoming formation on the chart, higher lows, undervalued relative to U.S. counterpart Square (SQ), bullish news from Brazil that a pro-business leader could take charge.
Comment:
Conservative investor might want to wait for a breakout above $30, but I think an initial tranche on this dip makes sense. Long @ $27.50.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.