Block, Inc.Long
SQ on the bottom of an upward channel
SQ appears to be in an uptrend here that started in early February. The PPS has been bouncing pretty consistently within this range and it appears to be bouncing off of the lower trendline now. There was a recent cross on the MacD near 0 which to me is a very bullish signal. I also see the RSI downtrend line appears to have just been broken. There was about 2x the volume yesterday as there was 4 days ago. To me $26 seems like a very low risk entry point and if the price sticks to the channel its been holding for the last 6 months, then the price could see $30.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.