One of my favourite companies to date, I love both the chart and the fundamentals. Square has so much more leg room to grow especially with their cash app.
1d chart:
So, the chart is looking really juicy and resilient to all that market volatility the last 6 weeks. I know SQ bounces up and down 5-10% (sometimes) however, on the daily & weekly chart we can see a really nice uptrend over the last year. Momentum is really good as we approach new highs, and the short interest is reducing while the buying strength is increasing -- all very bullish signs. Not to mention rising volume over the last 3 days.
Looking at the green arrows I noticed some repetition with a breakout from a (slightly) descending triangle, leading to an all time high.
EOY price target: $222
1d chart:
So, the chart is looking really juicy and resilient to all that market volatility the last 6 weeks. I know SQ bounces up and down 5-10% (sometimes) however, on the daily & weekly chart we can see a really nice uptrend over the last year. Momentum is really good as we approach new highs, and the short interest is reducing while the buying strength is increasing -- all very bullish signs. Not to mention rising volume over the last 3 days.
Looking at the green arrows I noticed some repetition with a breakout from a (slightly) descending triangle, leading to an all time high.
EOY price target: $222
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.