It's a stock analysis using the technical data available for SQ, based on its last closing price of $78.92 on 23/02/2024.
Initial reaction on the earnings report was a move lower and they spiked it up the next morning in the premarket and then it sold off all day. I think this could potentially unwind down towards the monthly 20sma with 200 acting as a magnet. I would like to be fading a hard pop back towards 250.
SQUARE has been trading in a bit of a range and all the indicators are looking pretty good for a continuation of an upward move. One to watch (again).
buy above 96.25 stop loss 92.75 target is open as long as blue line doesnt cross pink line from top sell below 90.10 stop loss 92.75 target is open as long as blue line doesnt cross pink line from bottom
entry @89.75 stoploss 88.25