Today, we will share our perspective on Square INC.
-The main thing we can notice is that the price has been ranging since December 2020. So, we will be working inside that range
-The Range is made by a solid support zone at 190 - 198. We have been observing several bounces from there, and in the current situation, it happened again.
-Another relevant item to notice is that the descending trendline has been broken, and we can see the price right at the edge of it.
-Based on that, we have defined a yellow horizontal line as an activation level for our bullish view. If the price reaches it, we expect a bullish movement towards the next resistance zone at 245
-The invalidation level for this view is below the current flag pattern.
Thanks for reading!
-The main thing we can notice is that the price has been ranging since December 2020. So, we will be working inside that range
-The Range is made by a solid support zone at 190 - 198. We have been observing several bounces from there, and in the current situation, it happened again.
-Another relevant item to notice is that the descending trendline has been broken, and we can see the price right at the edge of it.
-Based on that, we have defined a yellow horizontal line as an activation level for our bullish view. If the price reaches it, we expect a bullish movement towards the next resistance zone at 245
-The invalidation level for this view is below the current flag pattern.
Thanks for reading!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.