Support at 170 during biz transition Long

Block, Inc.NYSE

Description

⋅ Dec 10, 2021 3:36 PM

As the business refocuses on the btc exchange and the blockchain overall, I see support at 170. It could be a choppy next 6 months, but long-term the company is positioning well for the future

Comments

BrianClow

⋅ Dec 14, 2021 4:06 PM

good call on the channel down. would like to see it hit the top of the channel in the next few months.

UnknownUnicorn7245819

⋅ Dec 12, 2021 5:41 AM

Looks like a classic Wyckoff distribution on SQ. It wouldn't make sense to go long for the long-term. Probably going down to 135 to 150.

BrianClow

⋅ Dec 14, 2021 4:05 PM

@starsora04, yeah absolutely could happen that way. I got faked out big time last week when it breached $195.