$XYZ waving the flag! what happens next? After a long base building phase, is XYZ ready for the next leg higher? Earnings 20.feb
SQ3 trade ideas
LONG XYZSmall caps will pop as the overall market rotation begins for the final topping process. Same with IWM etc. This is a great name, lots of social buzz and the chart looks great. I am long call. If the breakout is sustained. Stop below.
$SQ $XYZ Block Inc Wedge Break - Wedge Break
- D50sma break
- D8&21ema reclaim
- $91.00 key lOI for push to the GP
The ABC's about XYZ (formerly SQ)Update Daily Chart 1/29 - would like to see it hold support at 83.95. If not, support at 80 (0.5 Fib)seems tenuous. Lower support at 72.5 remains solid. sell cash secured puts $72 - $80 for income and a potential favorable entry price. RSI above 50 is neutral-positive with room for upside.
Ascending triangle forming, bias undetermined. MACD is neutral-positive with slight lean to the upside
Conclusion: Mixed. Right now it's "Stuck in the middle with you" amid general market and geopolitical uncertainties.
Upside: $103 - $140+ but has to break above resistance with volume. Support $80 - $60 and is strong at those levels.
