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naoisegolden

Bearish divergence in RSI

Short
Block, Inc. (NYSE:SQ)  
naoisegolden Updated   
NYSE:SQ   Block, Inc.
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
SQ is showing a noticeable bearish divergence in the RSI oscillator vs price after its latest spike post-earnings. May reach the $38 or even $36 resistance before going back up again (Square has a pretty solid product and R+D, although threatened after SHOP 's hardware venture into point-of-sale) or forming a head and shoulders pattern and inverting the year-long standing bullish trend.
Comment:
On the contrary, following news that Square may be integrating BTC, the value spiked and continued the bull run.

www.forbes.com/sites...uy-and-sell-bitcoin/
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