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Block, Inc.
Long

Flagging- Bullish - Update

By jacobosiason7
Updated
SQ catching my eye here after finally picking up some momentum after taking a beating along with the rest of the fintech stocks of the likes of UPST ROKU AFRM PYPL etc. However, with buyers stepping in and reclaiming the 50-day EMA, will certainly be eyeing SQ in the coming weeks for another leg up. Buyer volume is steadily increasing relative to seller volume, hidden bullish divergence on the RSI on nearly every timeframe, bullish ABCD harmonic pattern on the daily timeframe as well (Not Pictured). Falling wedge accompanied with a MACD golden cross on the weekly timeframe, bullish hidden divergence on the RSI, and a bullish Gartley harmonic pattern formed (See Attached Chart Below). Bullish and will be watching closely for another push up as buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime-
Previous charts & Price Targets attached in the description below

PT1- $138.47
PT2- $142.49
PT3- $145.15
PT4- $146.81

--Weekly Timeframe
https://www.tradingview.com/i/dKiKqlIV/

--Previously Charted
https://www.tradingview.com/i/FN8Hm4Oh
https://www.tradingview.com/i/FFiiP7E8
Comment
Price Target 1 Reached ✅
Comment
PT2- Reached ✅
breakoutBullish PatternsbuyerChart Patternsfalling_wedgegolden_crossharmonic_patternhidden_divergenceTechnical Indicatorssupply_and_demandswingtradeTrend Analysis
jacobosiason7

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