Looking for a short on SQ.
Hello, everyone, as always thank you for reading and looking at my analysis on NYSE:SQ.
As you can see here on the daily chart, we are currently in a major supply zone. We are over-extended from the 200 MA, we are oversold, and the buying pressure on the MACD is slowing down. Now, all I am looking for is a strong bearish candle with a valid volume day to confirm that we are reversing to the downside. Now, with my style of swing trading, I do not set a stop-loss so make sure you ONLY risk what you are willing to lose. Thank you, again for joining me in my analysis of SQ. I pray you have a wonderful Christmas with your family.
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