BLOCK: Fighting ResistanceWhat’s changed?
After a brief pullback, Block stock gained fresh momentum since our last update, climbing to the recent local high. However, renewed downward pressure soon emerged, tempering the upward move.
Primary Scenario
We continue to view Block in an upward impulse and expect further gains in its third stage above resistance at $87.44.
Alternative Scenario
In our alternative scenario, XYZ would enter a more prolonged correction toward a new low, forming in our alternative blue Lon
Long
