SQ
Currently Bearish on SQ
Our daily MA strategy is bearish, MACD still bearish, and in a cluttered zone with no clear support for a bullish turn.
We've completed 2 edge to edge moves in the daily ichi cloud and are heading towards the lower edge now at roughly $62. Should we get a daily close below the cloud our new short target becomes 59.89 which is a key level to watch for a reversal at or near.
The daily cloud is also primed to twist red in the near term.
This stock looks quite bearish under a red cloud, MACD potentially recrossing bear, stochrsi has plenty of downside room...
I'll be short until proven wrong on this name.