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Zaitermo
Feb 1, 2021 1:35 PM

Ride the Wave - Uptrend Long

Block, Inc.NYSE

Description

Hi friends, Square is another strong up-trending stock thus we need to buy the dips to ride the wave. This is a short term analysis focused on the 1 hr chart wherein we see a break of the downtrending line. I expect Square to run to the immediate resistance around $225 then probably consolidate for a bit ($209 level should hold) before breaking the resistance and running towards the next target around $237.

Please share your thoughts and ensure proper money management. Thanks for the support!
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