I watched SQ rise almost 60% from the market bottom to their peak in late February, and then consolidate down back 25%. They're a great company that's going to be the future of financial payments (watch out PYPL), and they've pioneered making credit card purchases for the common man a reality. Their peak in late 2018 was just over $100 a share, and that's almost a 45% upside from today just to make a double top! I see everyone and their grandmother using Square POS and CashApp in every social circle around me in my life. This company is going to rebound like a freight train when their new uptrend eventually settles into the share price, and I intend to be holding when that happens.
Their 50 day moving average is in the process of bouncing back over the 200 day with the price above all trailing averages and banging on the top of the Bollinger band. MACD is turning positive with a strongly rising histogram, and it seems the recent market volatility is all that was needed to start the rally again for them. RSI is above 50 and rising but not yet overbought, so there's still time to get on this freight train. ADX is showing a sharp trend reversal with DI+ rising over DI- and ADX and DI- falling below them all for a possible V-shaped reversal. Rate of change is rising and confirming the bottom of the V on the price chart. Money flow indicates that investors were already buying the dip before last week's hot rally, so they're happy, and I will be when this trend picks up full steam out of the station.
Their 50 day moving average is in the process of bouncing back over the 200 day with the price above all trailing averages and banging on the top of the Bollinger band. MACD is turning positive with a strongly rising histogram, and it seems the recent market volatility is all that was needed to start the rally again for them. RSI is above 50 and rising but not yet overbought, so there's still time to get on this freight train. ADX is showing a sharp trend reversal with DI+ rising over DI- and ADX and DI- falling below them all for a possible V-shaped reversal. Rate of change is rising and confirming the bottom of the V on the price chart. Money flow indicates that investors were already buying the dip before last week's hot rally, so they're happy, and I will be when this trend picks up full steam out of the station.