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SWRLS
Mar 8, 2024 5:04 PM

SQ Pushing Downward Resistance. Time to Finally Break Out? Long

Block, Inc.NYSE

Description

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!
Comments
leveretteer
Neat idea here Mr. SWRLS! Thanks for sharing
SWRLS
@leveretteer, thank you! Appreciate it!
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