Square has been rising in 2020, especially with the accumulation of Bitcoin on its books. Today's PayPal news with them launching into the Crypto market - sees a Big Gorilla enter to give Square competition.
Short-term, it will look to retest the support/resistance line at $170, so take profits at this level and the monitor whether it bounces up or continues down.
Target: $170
Short-term, it will look to retest the support/resistance line at $170, so take profits at this level and the monitor whether it bounces up or continues down.
Target: $170
Trade closed: target reached:
Closed the position successfully today as the price reached the $170 target. Close of trading, SQ ended at $169.89.
21st October: 100 Shares Shorted at $181.24
26th October: 100 Shares Covered at $170.81
Profit: $1,043 (5.8% gain)
21st October: 100 Shares Shorted at $181.24
26th October: 100 Shares Covered at $170.81
Profit: $1,043 (5.8% gain)