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DariusKarremans

Overbought SQ - 40% drop in the next months

Short
Block, Inc. (NYSE:SQ)  
DariusKarremans Updated   
NYSE:SQ   Block, Inc.
Trend Analysis square nasdaq USA
1
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trendanalysis square nasdaq usa
With the "Trump wars", and the parabolic growth this stock presents, it would be natural to have a gigantic drop of at least 40%, just for correction purposes. RSI is highly over bought in the Monthly charts.

Short at 70.5
close position at ±45
SL: 72.5
Trade active:
$1000 short
Comment:
Out of parabola, maybe now there will be this must needed correction
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