Block, Inc.Long
$SQ support. Possible push to the upside
With all the recent activity of celebrities and others accepting their salaries in the form of Bitcoin via CashApp, I thought it would be worth the time to examine the parent company which is SQ. Here we clearly have had a very nice ABC correction with a nice move up from there. It appears as if we could be finding a level of support around $204.98. I would like to see a positive move up from here with a trigger of the moving averages. If we get that, I'll be looking for some very decent gains coming from this powerhouse. If not, we will re-examine for the next area of support. For now, the support looks to be holding.
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