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christianmartin4746
Nov 10, 2021 2:11 AM

SQ might reverse 

NYSE:SQ1D
Block, Inc.NYSE

Description

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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

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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.

Comment

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

Comment

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Entry: $239
Price Target: $245
Support and ResistanceTrend Lines
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