Square, Inc. provides, together with its subsidiaries, payment, and point-of-sale solutions in the United States and internationally.
On 29 May Zacks Equity Research published in its article that Wall Street expects good earnings of the company on 06 May. It caused a rise in the share price.
At the and of the day the demand for shares of the company looked higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $66,01; stop-loss — $63,39.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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