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rsaylor55
Feb 1, 2022 3:29 AM

SQ trade idea  Long

Block, Inc.NYSE

Description

SQ bounced off long term support for a nice double bottom in the low 100s, and today had a huge bounce up to 120. To me this still has room to go up, 128.50-129.50 area minimum around 382 retrace, and possibly as high as 133-136 area which is around 21sma and 50% retracement. Plus we have MACD and RSI now curling up here on the daily. I have been scaling in longs here on SQ and will continue to hold until that 133-136 zone with SL below 100
Comments
rsaylor55
Target hit on this. 130+ was hit actually :)
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