gingerheadtrader

$SQ seeing the top of its channel

NYSE:SQ   Block, Inc.
Held back currently by the 20MA, SQ is struggling to summon the bullish power necessary to break out of this downward channel. I'm expecting price to get rejected here and continue to the bottom of the channel. Overall market sentiment is shifting though, and if the SPY is bullish next week then SQ might follow it out of this channel.

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