This was once touted as the next FAANG stock by many analysts some years back. It has been hit quite badly with the Covid-19 as its business focus a lot on small businesses. The states reopening its economy will be a booster to Square in the coming quarters performance.
It could also be a potential target for bigger firms like FB
to take over this company to add on to their suites of services.
Chart wise, let's wait for it to cross over to 82.73 first before initiating a long position. Watch the bullish trend line