Current SQ Owners....To current LONG SQ owners:
SELL 20% of your position at 214/share,
then sell another 50% (ie. 40%) at 238/share.
Stay out and wait for a healthy (8-15%+)
market pullback/correction to re-enter.
(likely/maybe late late Feb - April 2021).
SQ is hitting the ascending channel (blue lines)
like a CHAMP! I'm so bullish.
On the chart you'll see a rogue ascending red trend line,
which started in late September 2018,
and will be burdensome resistance for SQ
mid to late Jan 2021, is my hunch.
March 2021 SQ earnings may be the catalyst to
raise SQ again, organically, after the market-wide
pullback/correction, else, maybe June 2021.
Seems like forever from now!
BUY more SQ shares (Dollar-Cost Average):
1. anytime below 177.0/share,
2. after a market-wide correction (10%-20%),
3. SQ just correcting itself, say 15-20%.
As it's done up the ascending channel thus far.
There is suitable support at 170.7/share.
Just follow the lime-green arrows everyone, I am.
Cheers,
Cryptmando
Status: Dec 01, 2020 (not trading or investment advice, I just like numbers, and I'm a trendy guy ;) )
