Square (SQ) Falling Wedge Breakout Long

Block, Inc.NYSE

Description

⋅ Dec 17, 2017 5:36 PM

Square (SQ) has formed a falling wedge on it's move back towards a 4 month old trend line. We need the stochastic to turn up and confirm divergence before getting in.

Buy: 37.75
Target: 38.95 - 40.90 (3.18% - 8.34%)

Comments

gabbersepp

⋅ Dec 21, 2017 11:21 PM

To create a buy signal, both stochastic lines must go up and the faster one must cross the slower one? Am I right?

Best regardes
Josef

takemoreprofits

⋅ Dec 23, 2017 3:31 PM

@gabbersepp, that is one way to do it. But, stochastics were created for divergences and that is the signal I use. I do not use %K