Update on $SQ: In my previous analysis, I mapped out the price to continue upwards in the upwards channel but instead we went sideways. We are now in a bullish pennant, waiting for a break to the upside. The bullish trend is still intact as indicated by the weekly Ichimoku Cloud. And as we all know, bigger the time frames, the more reliable Ichimoku is.
In my opinion, buying now would be safest with setting your SL under the pennant before shares push higher in May (earnings report). This an analysis, not an investment advice.
In my opinion, buying now would be safest with setting your SL under the pennant before shares push higher in May (earnings report). This an analysis, not an investment advice.
Trade closed: stop reached
