SQ, Industry Laggard Set to Outperform
Square, 
SQ, hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as 
PYPL, 
V, 
MA, and 
INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of potential
I think that Square is due to follow the rest of the sector and start making moves higher soon. It has been trading in a consolidating triangle, since February, building up power. If it breaks this triangle to the upside, I believe it should have very strong momentum, and follow through.
As long as overall market conditions remain strong, there is no reason Square shouldn't be a leader going into the rest of 2019.
SQ, hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as PYPL, V, MA, and INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of potentialI think that Square is due to follow the rest of the sector and start making moves higher soon. It has been trading in a consolidating triangle, since February, building up power. If it breaks this triangle to the upside, I believe it should have very strong momentum, and follow through.
As long as overall market conditions remain strong, there is no reason Square shouldn't be a leader going into the rest of 2019.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.