$SQ - RC -
Added 2024-06-17 12:03:09 +0000 UTCThis is getting a little bit messy for $SQ now and appears to be having the same weakness as both $PYPL and $SOFI now.
I have to admit that since I am in $PYPL already and if I had to pick between $SQ and $SOFI to add a new position, I would go with $SQ
Their strong climb in November was heavily contributed by the aggressive climb of $BTC and I believe that when $BTC reverses and starts moving higher again, $SQ will benefit from this, I don't think $SOFI has this benefit or exposure to $BTC, I could be wrong.
I also like Jack Dorsey and he has an incredible record.....apart from buying that music app from Jay-Z.
So I will watch here to see if $SQ can find support on the 0.618 Fib at $57, I suspect a test here is likely after losing its 200 Day MA.
Many who missed the aggressive run in November were praying for a pull back, now you have it.
