We want to be excited about $SQ bouncing on the trend line and then pulling back to find support on the 0.618 Fib at $43 and then bouncing again, this is everything we want to see from the start of an impulse wave but we need to stay calm and measured here as this shows strength.
We can see from the $SE chart the benefits of keeping with a stock when we know it is undervalued and $SE has been a great lesson for everyone.
$SQ is no different.
I would like to see $SQ get above the 200 Day MA on the 1hr chart at $47.40 next and flipping this to support, this will be a great show of strength.