TheHappyCrab

Need some Brazilian Education $ARCE (Part 1 of 2)

Long
NASDAQ:ARCE   Arco Platform Limited
Ain't got now Brazil in my portfolio. Maybe now is the time.

This is a two-part post. 1st one on 4hr timeframe and zoomed out.

Notes:
* Just came back to touch the 2018-2019 trading range.
* Trading below March COVID low.
* Strong wedge down into weekly demand zone from 03/2019.
* Just touched the IPO high of 25.59.
* 57% off from May 2020 highs.
* Earnings catalyst 03/31/2021

** Closer look 1hr timeframe on next post

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