theskhac

theskhac

Today we touched the long term median trend line (green). Sometimes you have to zoom out to see that this drop is not a significant as one might think.

theskhac

My personal opinion is that this is largely oversold. A trend line that began back in 2016 has been broken on the weekly chart. Missed on earnings & forecasting losses in 2022 due to reinvesting in the business. Fundamentally this company has not changed.

theskhac

I see further downside in the near term due to rate hikes needed due to inflation but still long. Hoping to accumulate when we break out of this wedge.

theskhac

I hope to invest in this company but will wait & hope this drops closer to $43 before jumping in on the action

theskhac

NYSE:SQ I like this trend