- SQ is in a rising trend channel in the medium long term. - SQ is moving within a rectangle formation between support at 44 and resistance at 90. - A decisive break through one of these levels indicates the new direction for the stock. - The price has reacted back after the break of the double bottom formation. - There is support around 71.5, which now indicates good buying opportunities. - An established break through this support will neutralize the positive signal. - SQ has marginally broken up through resistance at 71.5. - SQ is overall assessed as technically positive for the medium long term.
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