Square, Inc. provides, together with its subsidiaries, payment and point-of-sale solutions.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $118,68; stop-loss — $133,24.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for your idea! when would be a good entry point?
KozakHlib
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@Papermaker247, well, yesterday there was seller's dominance again. I think today there can be a good short entry point near $120 (I see a gap down in premarket).