Faster than I anticipated. Watch for the supports at low 60s, if that breaks then a $50 Square stock will be a sure thing.
This looks like a 50/50 scenario with earnings in 2 days. Iron Condor trade is optimal for max profit.
HEY! Look at the Head and Shoulders that was formed after clicking on the play button from my downtrend lines. Tech sell off started on Friday which could drag SQ price even more,Target for this week is $70 price point. If sell off starts getting worse my target will be reached.
Shoulder and Head Formed. Need to wait for last shoulder to form and Target will be reached in mid 60s.
Trade closed: target reached:
TARGET REACHED!! LOOK AT 60 BOTTOM AND BOUNCE BACK FOR 70!