Description
⋅ Square Inc look very bullish and catching up the market after hard downtrend of March .
Indicators:
Obv
W%r
Average true range
Ema 20/50/100
We have positive deviation in Obv , W%r have more room for buyers to pushing up if we break and average true range ( Atr) of 13.6 .
Our supports level is 200$ on the bottom and ema 100/50/20 for the middle until now they act very good as well .
Our resistance level is 241$ , Weekly resistance top .
ema 20 is still below ema 50 , crossing above will trigger a uptrend and bigger chance to cross 241$ .
Our Two first Target if we se cross above 241$ :
T1 - 260$
T2 - 280$
Support :
S1 - 229$
S2 - 221$
S3 - 200$
Trade range time : Two weeks
* There is no buy / sell recommendation in the aforesaid ,
Comment
⋅ Overall we see today a nice push above 241$/
W%r looking good and have more room for tomorrow
Obv pushing high and its great!
I'll set second entry point for who's wants to join , wait for breakout of 252$ level.
adding more support level on 241$ until the end of the week
Good luck
what u guys thinking ?
Comment
⋅ T1 - reached