On the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into
a drop this week to earnings which were a 7% beat on earnings. MACD lines are about
to cross. he lower RS line in green is showing bullish divergence while the mass index
signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or
flat candlebars at the end of the price action show the reversal is impending.
I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.
a drop this week to earnings which were a 7% beat on earnings. MACD lines are about
to cross. he lower RS line in green is showing bullish divergence while the mass index
signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or
flat candlebars at the end of the price action show the reversal is impending.
I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.