$SQ
Added 2024-02-23 16:08:45 +0000 UTCUp +17% today on a day where the market is cooling down, after yesterday's monster rally.
I uploaded this chart yesterday before the earnings release to talk about the potential movements and that Wave 2 could be complete and $SQ has delivered as expected by
breaking above the 50 Day MA and the yellow channel line too at $74.
The price action has cleanly broke above the yellow channel now so it technically doesn't need a retest of this channel to show that the bulls have intention for this to go higher but if there is a retest at $74 and it holds for support....then you have your buy signal.
Wave 3 remains at the 1.618 Fib at $128
Comments
Not yet, needs some time to find support
Gareth Neary
2024-02-27 14:41:57 +0000 UTCWould yesterday/today be considered a retest and support at $74?
Coach P
2024-02-27 14:09:09 +0000 UTC
