bkim91791

SQ going for the gap fill

Long
NYSE:SQ   Block, Inc.
SQ is my only priority going forward next week. SQ with an inside day currently sitting on long term support. There is also tailwinds coming from crypto with the start of a new uptrend in BTC. On the 1H we have an inverse H & S with a clear downtrending neckline. Target is the gap fill at $258. I also think SQ is a swing play. Price has consolidated in a downtrending channel right below ATH. As for the overall tech market I think we will bounce from here as well. QQQ bounced hard on Friday (hammer candle stick) from a major pivot line going back from February.

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