Greetings all. My analysis is depicted in the graphic. I expect an upside price move based on the current chart patterns and upcoming earnings. Of course, this is all speculative, and price may fall or move sideways. I trade options, so I've added the 21 Aug and 18 Sep monthly expiration dates for your convenience.
Comment:
SQ had a positive earnings report. The stock is up to $151 after-market. I’m still anticipate a $161 target in the coming days.
Comment:
SQ hit a high of $158 and then retraced 50% to $147. It may retrace further to the $144, but the bull flag pattern formation makes me very bullish on this stock. I sold (2) Calls near the 158 high, and I'm still holding (2) $150 calls.
