PAGS continues to fall, so far we've had a few potential times to buy, but confirmation doesn't go through and we don't get the confirmation we need to pull the trigger.
For now, we sit on our hands and wait for the sell to show it is over, then look for confirmation. One thing I've noted is divergence on the daily, by itself means nothing, but if we can get some more buy signals coming in we can start to build a case.
Zooming out to the weekly chart, we show weekly support in the $25-$30 area, which is where we will look for the turn to happen on the daily.
For now, we sit on our hands and wait for the sell to show it is over, then look for confirmation. One thing I've noted is divergence on the daily, by itself means nothing, but if we can get some more buy signals coming in we can start to build a case.
Zooming out to the weekly chart, we show weekly support in the $25-$30 area, which is where we will look for the turn to happen on the daily.