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christianmartin4746

SQ might reverse

Block, Inc. (NYSE:SQ)  
christianmartin4746 Updated   
NYSE:SQ   Block, Inc.
Support and Resistance Trend Lines
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supportandresistance trendline
SQ has fallen to a to a support a level and looks to reverse. It is currently in a squeeze and may be looking for a big move soon.

Breakout: $240
Price Target: $253
Price Target $260

Stay on the look out for a potential double bottom
Comment:
SQ might have double bottomed. Market looks bearish for the next few days so a rejection around $223 - $220 would mean long calls. If it does not reach either level, $230 will act as breakout.

snapshot
Comment:
SQ broke its downtrend channel, $231 will act as a breakout.
snapshot
Comment:
snapshot

Entry: $239
Price Target: $245
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