Trade sets up nice. We are at a 8 on the daily, expect a test of the lower trend-line Mon/Tuesday. Earnings come out Tuesday after the bell, if positive it will be good convergence with the ascending triangle and time indicator.
Commentaire:
SQ didn't sell off before earning the way i expected, trade still didn't change. Take profit was on the 9. I still expect to test the lower range of the triangle, which should have additional support at the 100 ema at $41.50.