$SQ
Added 2024-07-02 11:22:53 +0000 UTC$SQ remains in the category of companies that are desperately holding onto support but has not got the break yet to move to the upside.
$SQ is now below its 50 and 200 Day MA and we can see that the price is testing the 200 Day MA from below a number of times now.
I suspect a test of the 0.618 Fib is more than likely due next before another attempt will be made at getting above the 200 Day MA again.
This would bring the price just above the Buy Zone too.
Many members wanted a pull back at the start of the year when $SQ ran aggressively from $38 to $88....and now the appropriate level to buy into is almost upon us.
Remember, $SQ is heavily linked with $BTC, it ran very similar to it, as they have an impressive $BTC holding.
I would love to see that $SQ added more $BTC in their next earnings report.
When $BTC reverses, it could bring $SQ with it.
Comments
No EW chart?
Brian
2024-07-02 13:08:37 +0000 UTC
