Square's trend has changed, if you don't belive me take a look at this chart! Following an unsuccessful IPO (Can't think of any successful one in today's market enviroment) it bottomed out at $8.05 and volume dried up, subsequently it started gaining momentum volume picked up and reached a level of 12.64 forming what looks to be a cup, then the handle came along...
@1simpletrader #ETIC
Upside target of 17.4 minimum. You could purchase the June 18 C to capture a 4-5x when this thing really starts to turn. #ETIC
SQ has moved very well, has created a NEW cup for a NEW stock. You can look to buy shares or buy options, I would look at time the Sept 13C are at 1.95 but bid is 1.35 losing 60 cents per share in spread that is a lot to make up, consider stock here also...however BE is 14.95 by red vertical line to break even on the calls. Do the research they are not making...
Could break either way here. Waiting for some confirmation
Rotations of 12.95POC Wait for higher timeframe to imbalance. Meanwhile in a developing state as the value area constructs. Awaiting the imbalance as all timeframe find an acceptance in value