$NU (-0,2 %) - is trading at 18 times expected earnings, the lowest P/E ratio to date
Also sitting at support level with oversold RSI of 24.72 (as of 21.12.)
Believe we will soon see a recovery or at least a bounce, provided there is no negative news.
An appreciation of the Brazilian real or suitable measures to this end would be desirable:
Brazilian Real/USD vs Stock:
Stock vs EPS:
Brazil's central bank raises interest rates to support the currency. Inflation has risen slightly. Could raise concerns about pressure on consumers.
However $NU (-0,2 %) performed well in the past despite this environment, surprising and recording strong customer growth.
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