bmoneytree

$SQ BLOCK weekly 0.618 bounce?????

Long
NYSE:SQ   Block, Inc
$SQ might have found its bottom need to confirm support in this area bears still in full control

looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area

I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87


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