Block, Inc.Long
Block with a fantastic setup
It's hard not to be bullish on Block right now as it breaks out from a multi-year accumulation. On a weekly chart the 200 ma has broken out and held on a retest and price continues to ride the 9 ema. I've labeled some overhead resistances to be aware of and possible areas to take some profits. My personal play is to take off 20% at the first horizontal (120s) and another 20% off at 160s.
Note
added shares Note
added more shares... this dip is a gift. Note
pattern failed, i got stopped out for a loss. Note
still basing on the monthly support in the low 80s, just below the one i drew. Square loves to dump right before it pumps, i'm open to that happening again. Long term this is still a bullish chart. I haven't sold, and may add. 
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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.