The Long Investor

$SQ - RC -

Added 2023-04-13 12:24:00 +0000 UTC

Aggressive drop out of the bull wedge yesterday as the Fed reported a mild recession is due and this, like a lot of stocks pulled back very strongly. I am watching the white fib levels to see if it can hold support, if it can hold support, particularly at the 0.618/0.65 Fib, it still has a chance to complete the gap fill and the right shoulder.....Macro headwinds will be going against this now and bank sector earnings tomorrow too. Failure to hold the Fib levels and this comes down to the blue line.

At the blue line I like it as a buy, I think there is a strong future for $SQ and at $54, this is a good price.