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ContraryTrader
Jan 16, 2021 9:10 PM

SQ Rising Wedge Short

Block, Inc.NYSE

Description

Macd is bearish, OBV is bearish , And Showing a rising wedge pattern. Held support (yellow line) at 225 and thats the only good news for this stock.

Description
White lines- Daily channel
Yellow lines - Secondary trend
Redlines - Short Targets
Green line - Channel top, short term target ( Can rise with bitcoin)


Comments
markherhold
Good analysis!
What do you think a good long entry price would be? < 200 I think would be too good to be true. There could be good support at 200 - 210
ContraryTrader
@markherhold, Sq has attached its future to bitcoin. Technically I like 200 entry myself, but if it bitcoin skyrockets to 45-50k we might not see 200 for awhile.
Gre3nergy
If Square breaks out and goes bearish picking up around $210! I have been looking for an opportunity in since the first of the year...having a great run so far!
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