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SWRLS

SQ Pushing Downward Resistance. Time to Finally Break Out?

Long
Block, Inc. (NYSE:SQ)  
SWRLS Updated   
NYSE:SQ   Block, Inc.
Support and Resistance Trend Lines Moving Averages SQ resistance_level
3
2
supportandresistance trendline movingaverage sq resistance_level
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
Comment:
Super clean breakout. Halfway to $90 already!
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