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LGNDRY-Capital

Square still in sideways channel with ascending trend

Long
Block, Inc. (NYSE:SQ)  
LGNDRY-Capital Updated   
NYSE:SQ   Block, Inc.
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
Square is still in a sideways channel with no volume peaks. MACD, RSI, and Stoch suggesting long potential up to the resistance at around 280 USD. If the chart goes below 200 the trend is in danger and at 190 or below the stop should kick you out. We then have the chance to build a H&S.
Comment:
- Positive Outlook: Moving in broad side correction
- Indicators: bullish
- Trend: bullish
- Stop-Loss: 190 USD
- Target: 270 - 280 USD
-> either bounce to 220 or breakthrough
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