one more re-test of incline RSI trendline
This stock has been developing bullish divergence for quite some time
on the mid-term therefore am expecting another re-tracement to touch the supportive RSI incline
I think after then that will be a new low and will create sufficient bullish divergence to send the stock up on its final launch on a good long opportunity
Price broke out of parallel channel and closed above resistance with a bullish hammer candlestick on weekly timeframe.
Fundamentals seem positive.
Target $190
enter price -71.63
stop loss -88.07
take profit -38.49
(weekly)
DETAILS: i noticed the price is inside a tunnel and below the ema 200,
the price got to resistence line and a strong resistence area
the price tried to break these areas 3 times and lines (we can see it clearly at the red line of the swing 10 high )
waiting for confirmation ( big red candle with...
SQ's recent rally shows weakness and not founded on solid reasoning. Current price level appears risky.
SQ had a good rally from Oct to Dec and contracted a fair amount and held. Later on....
SQ had bad earnings
NVDA a very unrelated stock had great earnings pushing SQ up
Recent gap up is clearly irrational
Recent rally is unstable and should expect...
I, and most people I know use cash app, right?!
Jack Dorsey, CEO of SQ, has long been a Bitcoin Maxi. Notice how CashApp only deals in BTC, and not those alt-coins that you can just create out of thin air.
Dorsey regularly speaks at BTC conferences and was even seen wearing a Satoshi shirt on two back2back SuperBowls.
Even looking at CashApp as a place to get...
In the weekly chart of Square, a significant pattern known as the Reverse Head & Shoulders has emerged, signaling a potential bullish reversal in the stock's price trajectory. This pattern typically consists of three troughs, with the middle trough (the head) being lower than the surrounding peaks (the shoulders). In the context of Square's chart, this pattern...
Block Inc., (NYSE: NYSE:SQ ) led by Jack Dorsey, has announced plans to trim its workforce by 112 jobs on March 30th, as part of its efforts to streamline operations and reduce costs amidst economic uncertainty. The fintech giant's decision to downsize has sparked discussions about the broader challenges facing the tech industry and the strategies companies are...
2/22/2024 11:30am
NYSE:SQ
SQ has been consolidating form the $60 to the $70 range since February 2023.
Candle Close above $67.56 looking for targets to the upside.
Target1: $75
Target2: $80.47
Candle Close Below $66 looking for targets to the downside.
Target1: $62
Target2: $60
Target3: $55
