tradingflywheel

SQ breaks out of range

Long
NYSE:SQ   Block, Inc.
SQ's seller business model has been hit during the lockdown. It has also report a negative Quarter recently. However Cash app revenue have seen a substantial growth. With the economy reopening, we should see unemployment rate decreasing (notice the surprise improvement to 13% on Friday?) and small business reopen. Definitely we will see a positive uptick on the share price. We also note that price have broken out of the range between 58-80s. I would think it will be testing the previous high of $100 very soon.



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