Square or Block, who cares? We are going higher.
Hi everyone,
As a proud bagholder, I present to you the
SQ chart.
Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now.
That's nothing compared to meteoric dump of the last few months.
The chart.
Last 2 year POC is at 230.
All-time POC is at 60.
Square has been investing into growth for many years now, I think real value of the stock is nowhere near 60. Thus, I doubt we return to that range.
The 100-150 price zone is a wild west, with swift moves and low volume.
We should slice through it on the upside.
Next significant supply zone is 151.
Further up: 170, 191, 222-230.
RSI is still oversold on a weekly. I would say it is not too late to buy.
Full disclosure: I am long Square since Jun 2020. I bought more shares yesterday.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
As a proud bagholder, I present to you the
SQ chart.Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now.
That's nothing compared to meteoric dump of the last few months.
The chart.
Last 2 year POC is at 230.
All-time POC is at 60.
Square has been investing into growth for many years now, I think real value of the stock is nowhere near 60. Thus, I doubt we return to that range.
The 100-150 price zone is a wild west, with swift moves and low volume.
We should slice through it on the upside.
Next significant supply zone is 151.
Further up: 170, 191, 222-230.
RSI is still oversold on a weekly. I would say it is not too late to buy.
Full disclosure: I am long Square since Jun 2020. I bought more shares yesterday.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
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