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DLocal nears $15-$16 resistance as breakout setup forms
The emerging-markets payments stock is hovering near the $15-$16 resistance zone after reclaiming key moving averages, including the 20-, 50-, and 200-day SMAs.
DLocal, the emerging-markets payments company, is pressing toward the $15 to $16 resistance zone, a level the stock has repeatedly struggled with for more than a year, as it builds a bullish breakout pattern after years of trading in a wide, choppy range, MarketBeat Ratings reports. The article says DLocal is showing a “tight coil” near the breakout level, with a decisive move through the overhead resistance described as the trigger that could open the door to a potential multi-year breakout.
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