Block, Inc.Long
Buying Opportunity. Target: $253
Mis à jour
Greetings All,
SQ appears neutral-bullish based on the following:
1. SQ has retraced and consolidated around a key-level of support (180days) around $230, which is the 61.8% retracement from resistance (all-time high) of $283.12. I anticipate SQ will bounce upward from this level.
2. SQ is slightly below the Monthly and Quarterly EMA, which I consider an opportunity to go LONG.
3. MACD indicates bullish strength.
4. SQ will close the $275 GAP in the future.
5. SQ beat earnings ( +141%) on the 24th.
Strategy:
1. Target the 20 VWMA ($253)
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
SQ appears neutral-bullish based on the following:
1. SQ has retraced and consolidated around a key-level of support (180days) around $230, which is the 61.8% retracement from resistance (all-time high) of $283.12. I anticipate SQ will bounce upward from this level.
2. SQ is slightly below the Monthly and Quarterly EMA, which I consider an opportunity to go LONG.
3. MACD indicates bullish strength.
4. SQ will close the $275 GAP in the future.
5. SQ beat earnings ( +141%) on the 24th.
Strategy:
1. Target the 20 VWMA ($253)
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Note
One more thing. There is bullish divergence on the MACD
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